Key Points
- CFO Edward Mcgowan sold 6,560 shares at an average price of $88.03 for a total of $577,476.80, reducing his holdings by 28.52% to 16,442 shares, as disclosed in an SEC Form 4 filing.
- Akamai beat recent quarter expectations with $1.86 EPS (vs. $1.64 estimate) and $1.05B revenue, and set FY2025 guidance of 6.93–7.13 EPS and Q4 guidance of 1.65–1.85 EPS.
- Analysts have an average rating of "Hold" with a consensus target of $93.63, while the stock trades in the mid-$80s (12‑month range $67.51–$103.75) and carries a market cap of about $12.45B.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) CFO Edward Mcgowan sold 6,560 shares of Akamai Technologies stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the transaction, the chief financial officer directly owned 16,442 shares of the company's stock, valued at $1,447,389.26. This represents a 28.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Akamai Technologies Price Performance
AKAM stock opened at $86.53 on Tuesday. The company's fifty day simple moving average is $81.42 and its 200 day simple moving average is $78.83. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $103.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 3.16 and a beta of 0.68.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The firm's revenue for the quarter 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 and its 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.
Analyst Ratings Changes
A number of research firms recently issued reports on AKAM. Piper Sandler boosted their target price on shares of Akamai Technologies from $83.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, November 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a report on Monday, December 8th. TD Cowen increased their price objective on shares of Akamai Technologies from $98.00 to $104.00 and gave the stock a "hold" rating in a research report on Thursday, November 13th. Jefferies Financial Group lowered Akamai Technologies to an "underperform" rating in a research report on Monday. Finally, Citigroup increased their price target on Akamai Technologies from $85.00 to $88.00 and gave the stock a "neutral" rating in a report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $93.63.
Check Out Our Latest Stock Analysis on Akamai Technologies
Institutional Trading of Akamai Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company's stock valued at $26,000 after purchasing an additional 251 shares in the last quarter. 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 worth $26,000 after buying an additional 195 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Akamai Technologies by 566.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company's stock valued at $26,000 after buying an additional 289 shares during the last quarter. WPG Advisers LLC bought a new position in Akamai Technologies during the 1st quarter valued at $27,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company's stock worth $30,000 after acquiring an additional 333 shares during the last quarter. 94.28% of the stock is owned by institutional investors.
Akamai Technologies Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
