Key Points
- COO Adam Karon sold 3,320 shares on Jan. 2 at an average price of $87.30 for proceeds of $289,836, reducing his holdings by 29.9% to 7,785 shares (disclosed in an SEC filing).
- Akamai beat quarterly estimates with $1.86 EPS on $1.05 billion revenue, provided FY2025 EPS guidance of 6.93–7.13, and holds a consensus analyst rating of Hold with a $92.72 target.
- Institutional ownership is 94.28%, with several large investors (including DLD Asset Management, First Trust, Nordea, Norges Bank and Invesco) materially increasing their stakes recently.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) COO Adam Karon sold 3,320 shares of Akamai Technologies stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the completion of the sale, the chief operating officer owned 7,785 shares in the company, valued at approximately $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Akamai Technologies Stock Down 2.5%
AKAM opened at $85.10 on Friday. The company has a market capitalization of $12.24 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 3.15 and a beta of 0.68. The firm has a 50-day simple moving average of $85.22 and a two-hundred day simple moving average of $79.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $103.75.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. 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. Analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Akamai Technologies
A number of large investors have recently made changes to their positions in the company. DLD Asset Management LP raised its position in Akamai Technologies by 60.0% in the 2nd quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company's stock worth $1,595,200,000 after purchasing an additional 7,500,000 shares during the period. First Trust Advisors LP grew its stake in shares of Akamai Technologies by 4.9% during the second quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company's stock valued at $483,502,000 after buying an additional 281,526 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Akamai Technologies by 39.9% in the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company's stock worth $258,739,000 after buying an additional 980,966 shares during the period. Norges Bank purchased a new stake in shares of Akamai Technologies in the second quarter worth approximately $266,817,000. Finally, Invesco Ltd. lifted its stake in shares of Akamai Technologies by 5.8% during the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company's stock worth $245,394,000 after acquiring an additional 177,756 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on AKAM. TD Cowen raised their target price on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a "hold" rating in a report on Thursday, November 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a research report on Monday. HSBC lifted their price objective on shares of Akamai Technologies from $130.00 to $134.00 in a research note on Monday, November 10th. Citigroup upped their target price on shares of Akamai Technologies from $85.00 to $88.00 and gave the company a "neutral" rating in a research report on Tuesday, November 11th. Finally, The Goldman Sachs Group increased their price target on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a "sell" rating in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $92.72.
Check Out Our Latest Analysis on AKAM
Akamai Technologies Company Profile
(
Get Free Report)
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.
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