Akamai Technologies (NASDAQ:AKAM) CTO Sells $378,000.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $108.00, for a total transaction of $378,000.00. Following the sale, the chief technology officer directly owned 14,574 shares in the company, valued at $1,573,992. This represents a 19.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Robert Blumofe also recently made the following trade(s):

• On Thursday, January 22nd, Robert Blumofe sold 3,500 shares of Akamai Technologies stock. The stock was sold at an average price of $97.00, for a total value of $339,500.00.

Akamai Technologies Stock Up 6.8%

NASDAQ AKAM opened at $111.76 on Monday. The stock’s 50 day simple moving average is $91.57 and its 200 day simple moving average is $83.06. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $113.50. The firm has a market cap of $16.08 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.70. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Scotiabank increased their price objective on shares of Akamai Technologies from $94.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Friday, January 9th. Royal Bank Of Canada raised their price target on shares of Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a report on Monday, January 5th. Jefferies Financial Group cut shares of Akamai Technologies to an “underperform” rating in a research report on Monday, December 15th. TD Cowen increased their price objective on Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, Citigroup lifted their target price on Akamai Technologies from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $97.50.

Key Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: DA Davidson raised its price target to $125 and kept a “buy” rating, signaling analyst conviction and adding upside potential relative to the current price. DA Davidson Raises PT
• Positive Sentiment: Zacks highlighted Akamai as a big mover on higher-than-average volume and noted favorable earnings-estimate revision trends — a catalyst that often supports further near-term gains. Zacks: Strength Seen
• Positive Sentiment: Market commentary and retail-focused pieces pointed to a strong one-day move (articles note ~9–10% jumps), which can attract momentum investors and trigger additional buying. AAII: Why AKAM Is Up
• Positive Sentiment: Shares recently hit a 52-week high, a technical signal that can draw more attention from trend-following funds. Investing.com: 52-Week High
• Neutral Sentiment: Akamai is scheduled to report earnings soon; previews and estimate summaries are circulating — the report could amplify today’s move either way. Earnings Preview
• Neutral Sentiment: Public short-interest data in recent reports appears to show zeros/NaN (likely a reporting anomaly), so there’s no clear short-covering signal to explain the volume spike. (Watch official exchanges for corrected short-interest figures.)
• Negative Sentiment: CTO Robert Blumofe sold 3,500 shares at about $108, reducing his stake ~19%. Insider selling can be perceived negatively by some investors even when routine. SEC Form 4

Institutional Investors Weigh In On Akamai Technologies

A number of institutional investors have recently made changes to their positions in AKAM. Rubric Capital Management LP acquired a new position in Akamai Technologies in the fourth quarter valued at about $104,700,000. Commerce Bank increased its stake in shares of Akamai Technologies by 1.8% in the 4th quarter. Commerce Bank now owns 14,747 shares of the technology infrastructure company’s stock valued at $1,287,000 after acquiring an additional 257 shares during the last quarter. C M Bidwell & Associates Ltd. raised its position in shares of Akamai Technologies by 10,406.3% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 3,362 shares of the technology infrastructure company’s stock valued at $293,000 after acquiring an additional 3,330 shares during the period. Bridgefront Capital LLC bought a new position in Akamai Technologies during the 4th quarter worth approximately $1,214,000. Finally, Glazer Capital LLC bought a new position in Akamai Technologies during the 4th quarter worth approximately $428,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.