Jon Miller Sells 11,000 Shares of Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) Director Jon Miller sold 11,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total value of $1,129,370.00. Following the completion of the transaction, the director owned 22,806 shares of the company’s stock, valued at approximately $2,341,492.02. This represents a 32.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Akamai Technologies Price Performance

NASDAQ:AKAM traded up $0.90 during mid-day trading on Wednesday, hitting $102.98. 2,812,624 shares of the company’s stock traded hands, compared to its average volume of 4,312,486. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market cap of $14.92 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.29 and a beta of 0.72. The firm’s 50 day simple moving average is $95.22 and its 200 day simple moving average is $85.48. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $113.50.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business earned $1.66 earnings per share. The company’s quarterly revenue 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. Sell-side analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on AKAM. Raymond James Financial boosted their target price on shares of Akamai Technologies from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. DA Davidson upped 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. Oppenheimer lifted their target price on shares of Akamai Technologies from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, HSBC boosted their price target on Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. Ten 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 stock. Based on data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus price target of $108.84.

Akamai Technologies News Summary

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

• Positive Sentiment: Akamai announced plans to deploy thousands of NVIDIA Blackwell GPUs to build a widely distributed AI inference platform—this materially strengthens the company’s AI/inference and edge compute narrative and supports longer‑term revenue upside from cloud and low‑latency inference demand. Akamai to Deploy Thousands of NVIDIA Blackwell GPUs
• Positive Sentiment: Market commentary notes a relief rebound after Akamai’s post‑earnings selloff: results beat on EPS and revenue, and analysts reiterated constructive views on the company’s security/cloud positioning and AI/inference runway—this is supporting buyer interest despite higher near‑term investment. Akamai jumps as investors revisit post-earnings selloff and AI-infrastructure thesis
• Neutral Sentiment: Akamai presented at the Raymond James Institutional Investor Conference—useful for incremental investor color but unlikely to move the stock without new guidance or material disclosures. Akamai Presents at Raymond James Conference
• Neutral Sentiment: Published short‑interest data shows zero shares / NaN changes—this appears to be a data error and provides no clear signal to traders. (Treat short‑interest figures with caution until corrected.)
• Negative Sentiment: EVP Mani Sundaram sold 8,642 shares at an average $101.25 (~$875k), reducing his stake ~30%. Insider selling can create near‑term pressure and raises questions for some investors. SEC filing – Mani Sundaram sale
• Negative Sentiment: Director Jon Miller sold 11,000 shares at an average $102.67 (~$1.13M), trimming his holding by ~32.5%—adds to the day’s insider sell signals. SEC filing – Jon Miller sale
• Negative Sentiment: Director Madhu Ranganathan sold 3,131 shares at $102.00 (~$319k), reducing her position ~25.5%—another insider sale that could temper enthusiasm from the positive infrastructure news. SEC filing – Madhu Ranganathan sale

Hedge Funds Weigh In On Akamai Technologies

A number of large investors have recently bought and sold shares of AKAM. Rexford Capital Inc. grew its stake in shares of Akamai Technologies by 1.9% during the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock valued at $445,000 after buying an additional 93 shares during the period. Assetmark Inc. grew its position in Akamai Technologies by 31.8% during the fourth quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock valued at $39,000 after acquiring an additional 107 shares during the period. Root Financial Partners LLC increased its stake in Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after acquiring an additional 110 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Akamai Technologies by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock worth $480,000 after acquiring an additional 115 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Akamai Technologies by 6.3% during the fourth quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock worth $192,000 after acquiring an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.