Key Points
- Akamai EVP Paul Joseph sold 5,000 shares on Jan. 15 at an average price of $90.17 for roughly $450,850, trimming his position by 22.21% to 17,513 shares (about $1.58M).
- The company beat its latest quarter with $1.86 EPS vs. $1.64 est. and $1.05B revenue vs. $1.04B, and set FY2025 guidance of $6.93–$7.13 EPS (Q4 guidance $1.65–$1.85).
- Institutional investors own about 94.28% of Akamai, with large recent stake increases from firms like DLD Asset Management, while analysts' consensus is a "Hold" with an average price target of $95.28.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Paul Joseph sold 5,000 shares of the business's stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $90.17, for a total transaction of $450,850.00. Following the transaction, the executive vice president directly owned 17,513 shares of the company's stock, valued at approximately $1,579,147.21. This trade represents a 22.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Akamai Technologies Trading Up 1.0%
Shares of NASDAQ:AKAM opened at $91.53 on Friday. 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 company's 50-day moving average price is $87.88 and its 200 day moving average price is $80.45. The company has a market cap of $13.17 billion, a PE ratio of 26.84, a P/E/G ratio of 3.28 and a beta of 0.68. 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 EPS for the quarter, beating the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. Akamai Technologies's revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.59 earnings per share. 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. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.
Institutional Trading of Akamai Technologies
Several hedge funds and other institutional investors have recently modified their holdings of AKAM. DLD Asset Management LP raised its position in Akamai Technologies by 60.0% during the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company's stock valued at $1,595,200,000 after buying an additional 7,500,000 shares during the period. First Trust Advisors LP grew its stake in Akamai Technologies by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company's stock valued at $483,502,000 after acquiring an additional 281,526 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Akamai Technologies by 39.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company's stock valued at $258,739,000 after purchasing 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. boosted its holdings in shares of Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company's stock worth $245,394,000 after purchasing an additional 177,756 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on AKAM shares. DA Davidson restated a "buy" rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Thursday, October 16th. Scotiabank upped their target price on Akamai Technologies from $94.00 to $105.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 9th. Piper Sandler lifted their price target on Akamai Technologies from $86.00 to $89.00 and gave the company a "neutral" rating in a research report on Monday, January 5th. Morgan Stanley raised Akamai Technologies from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from $83.00 to $115.00 in a report on Monday. Finally, Royal Bank Of Canada lifted their price objective on shares of Akamai Technologies from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Monday, January 5th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Akamai Technologies has an average rating of "Hold" and an average price target of $95.28.
Read Our Latest Analysis on Akamai Technologies
About Akamai Technologies
(
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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