Akamai Technologies (NASDAQ:AKAM) EVP Mani Sundaram Sells 1,722 Shares

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Mani Sundaram sold 1,722 shares of Akamai Technologies stock in a transaction on Monday, March 9th. The shares were sold at an average price of $98.58, for a total transaction of $169,754.76. Following the completion of the sale, the executive vice president directly owned 21,647 shares of the company’s stock, valued at approximately $2,133,961.26. The trade was a 7.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mani Sundaram also recently made the following trade(s):

• On Thursday, March 5th, Mani Sundaram sold 3,186 shares of Akamai Technologies stock. The shares were sold at an average price of $101.90, for a total transaction of $324,653.40.
• On Wednesday, March 4th, Mani Sundaram sold 8,642 shares of Akamai Technologies stock. The shares were sold at an average price of $101.25, for a total transaction of $875,002.50.

Akamai Technologies Trading Up 2.2%

AKAM opened at $102.11 on Tuesday. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $113.50. The firm has a market capitalization of $14.81 billion, a PE ratio of 33.15, a P/E/G ratio of 3.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. The company’s 50-day moving average is $96.26 and its 200 day moving average is $86.20.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $1.66 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, research analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Institutional Trading of Akamai Technologies

Several hedge funds have recently added to or reduced their stakes in AKAM. Whittier Trust Co. of Nevada Inc. grew its position in shares of Akamai Technologies by 295.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 251 shares during the period. TD Waterhouse Canada Inc. grew its holdings in Akamai Technologies by 130.0% during the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 195 shares during the period. Smartleaf Asset Management LLC increased its position in Akamai Technologies by 566.7% in the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in shares of Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after buying an additional 263 shares during the period. Finally, Wolff Wiese Magana LLC lifted its position in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after buying an additional 333 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley lifted their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Wall Street Zen cut shares of Akamai Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. DA Davidson increased their price objective on shares of Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Piper Sandler boosted their target price on Akamai Technologies from $89.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Finally, TD Cowen decreased their price target on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $108.84.

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.