Key Points
- Mani Sundaram sold 10,438 shares of Akamai at an average price of $89.25 for proceeds of $931,591.50, reducing his direct stake by 43.51% to 13,550 shares; the transaction was disclosed in an SEC filing.
- Akamai beat quarterly estimates, reporting $1.86 EPS vs. $1.64 expected and $1.05 billion revenue (up 5% YoY), and issued FY2025 guidance of 6.930–7.130 EPS with Q4 guidance of 1.650–1.850 EPS.
- The stock carries a consensus "Hold" rating (average target $93.63) with mixed analyst views (6 Buy / 11 Hold / 4 Sell); Akamai has a $12.62 billion market cap and a 52‑week range of $67.51–$103.75.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Mani Sundaram sold 10,438 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $89.25, for a total value of $931,591.50. Following the sale, the executive vice president directly owned 13,550 shares in the company, valued at $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Akamai Technologies Price Performance
Shares of NASDAQ:AKAM opened at $87.71 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. The business has a 50-day simple moving average of $79.51 and a two-hundred day simple moving average of $78.18. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $103.75.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $1.59 EPS. The business's quarterly revenue was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. On average, analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on AKAM shares. The Goldman Sachs Group increased their price target on Akamai Technologies from $67.00 to $69.00 and gave the company a "sell" rating in a report on Friday, November 7th. Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Morgan Stanley cut their price target on Akamai Technologies from $85.00 to $83.00 and set an "underweight" rating for the company in a research note on Friday, November 7th. President Capital upped their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the company a "buy" rating in a research report on Friday, November 7th. Finally, Raymond James Financial raised their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $93.63.
Read Our Latest Research Report on Akamai Technologies
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in AKAM. UMB Bank n.a. lifted its position in shares of Akamai Technologies by 50.8% during the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company's stock valued at $32,000 after buying an additional 133 shares in the last quarter. Horizon Investments LLC raised its stake in Akamai Technologies by 7.2% during the 1st quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company's stock worth $179,000 after acquiring an additional 149 shares during the period. Siemens Fonds Invest GmbH lifted its holdings in Akamai Technologies by 8.3% during the third quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company's stock valued at $155,000 after purchasing an additional 156 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Akamai Technologies by 24.3% in the third quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company's stock worth $63,000 after purchasing an additional 162 shares during the period. Finally, Mutual Advisors LLC increased its stake in shares of Akamai Technologies by 4.0% in the second quarter. Mutual Advisors LLC now owns 4,609 shares of the technology infrastructure company's stock worth $372,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 94.28% of the company's stock.
About Akamai Technologies
(
Get Free Report)
Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
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