Akamai Technologies (NASDAQ:AKAM) CTO Robert Blumofe Sells 243 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Trading Down 2.3%

AKAM stock opened at $124.91 on Friday. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 42.06, a PEG ratio of 4.00 and a beta of 0.60. 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 business has a fifty day simple moving average of $127.52 and a 200-day simple moving average of $108.25. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. 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 3.93 EPS for the current year.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Akamai Technologies during the 4th quarter valued at about $192,959,000. AQR Capital Management LLC lifted its position in Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of Akamai Technologies by 570.0% in the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after purchasing an additional 1,390,167 shares during the period. Rubric Capital Management LP acquired a new position in shares of Akamai Technologies during the fourth quarter worth approximately $104,700,000. Finally, First Trust Advisors LP increased its position in Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after acquiring an additional 957,345 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AKAM shares. Susquehanna upped their target price on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, May 8th. Piper Sandler reaffirmed a “neutral” rating and set a $156.00 price target (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Raymond James Financial upped their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Finally, Oppenheimer lifted their target price on Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Akamai Technologies has an average rating of “Hold” and a consensus price target of $145.29.

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.