Insider Selling: Akamai Technologies (NASDAQ:AKAM) EVP Sells 2,300 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock traded down $7.84 on Wednesday, hitting $129.97. The company’s stock had a trading volume of 4,763,184 shares, compared to its average volume of 5,054,009. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $165.45. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $125.33 and a 200-day moving average price of $106.20. The company has a market capitalization of $18.90 billion, a P/E ratio of 43.76, a price-to-earnings-growth ratio of 4.48 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.70 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. On average, equities research analysts expect that Akamai Technologies, Inc. will post 3.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AKAM has been the subject of several analyst reports. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Evercore initiated coverage on shares of Akamai Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price for the company. Robert W. Baird reissued a “neutral” rating and issued a $110.00 target price on shares of Akamai Technologies in a research note on Thursday, April 2nd. Oppenheimer boosted their target price on shares of Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Citigroup boosted their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.29.

Institutional Investors Weigh In On Akamai Technologies

A number of institutional investors have recently added to or reduced their stakes in AKAM. Smartleaf Asset Management LLC grew its position in Akamai Technologies by 566.7% during the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 289 shares during the period. JFS Wealth Advisors LLC increased its position in Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in Akamai Technologies during the 4th quarter worth approximately $31,000. Root Financial Partners LLC increased its position in Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Akamai Technologies during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

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.