Key Points
- CTO Robert Blumofe sold 3,500 shares on Feb 13 at an average price of $108 for $378,000, cutting his stake by about 19.36% to 14,574 shares; the trade was disclosed on the SEC Form 4.
- Shares have recently rallied to a near 52‑week high (opened $111.76), but the consensus analyst view is a "Hold" with an average target of $97.50 and widely varying price targets from $80 to $125.
- Institutional ownership is very high (~94.28%), and the stock carries a market cap of $16.08B with a P/E of 32.77—factors investors may consider alongside the insider sale and recent momentum.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) CTO Robert Blumofe sold 3,500 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $108.00, for a total value of $378,000.00. Following the completion of the sale, the chief technology officer owned 14,574 shares of the company's stock, valued at $1,573,992. The trade was a 19.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Robert Blumofe also recently made the following trade(s):
- On Thursday, January 22nd, Robert Blumofe sold 3,500 shares of Akamai Technologies stock. The stock was sold at an average price of $97.00, for a total value of $339,500.00.
Akamai Technologies Stock Performance
NASDAQ:AKAM opened at $111.76 on Friday. The stock has a 50-day moving average price of $91.57 and a 200 day moving average price of $83.00. The stock has a market capitalization of $16.08 billion, a P/E ratio of 32.77, a P/E/G ratio of 3.22 and a beta of 0.70. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $113.50. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Bank of America dropped their target price on shares of Akamai Technologies from $100.00 to $80.00 and set a "neutral" rating for the company in a research report on Monday, October 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a research note on Monday, December 29th. Scotiabank increased their price objective on shares of Akamai Technologies from $94.00 to $105.00 and gave the company a "sector outperform" rating in a report on Friday, January 9th. Morgan Stanley upgraded Akamai Technologies from an "underweight" rating to an "overweight" rating and raised their price objective for the company from $83.00 to $115.00 in a research report on Monday, January 12th. Finally, Citigroup lifted their target price on Akamai Technologies from $88.00 to $103.00 and gave the stock a "neutral" rating in a report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $97.50.
Check Out Our Latest Report on AKAM
Key Stories Impacting Akamai Technologies
Here are the key news stories impacting Akamai Technologies this week:
- Positive Sentiment: DA Davidson raised its price target to $125 and kept a "buy" rating, signaling analyst conviction and adding upside potential relative to the current price. DA Davidson Raises PT
- Positive Sentiment: Zacks highlighted Akamai as a big mover on higher-than-average volume and noted favorable earnings-estimate revision trends — a catalyst that often supports further near-term gains. Zacks: Strength Seen
- Positive Sentiment: Market commentary and retail-focused pieces pointed to a strong one-day move (articles note ~9–10% jumps), which can attract momentum investors and trigger additional buying. AAII: Why AKAM Is Up
- Positive Sentiment: Shares recently hit a 52-week high, a technical signal that can draw more attention from trend-following funds. Investing.com: 52-Week High
- Neutral Sentiment: Akamai is scheduled to report earnings soon; previews and estimate summaries are circulating — the report could amplify today’s move either way. Earnings Preview
- Neutral Sentiment: Public short-interest data in recent reports appears to show zeros/NaN (likely a reporting anomaly), so there’s no clear short-covering signal to explain the volume spike. (Watch official exchanges for corrected short-interest figures.)
- Negative Sentiment: CTO Robert Blumofe sold 3,500 shares at about $108, reducing his stake ~19%. Insider selling can be perceived negatively by some investors even when routine. SEC Form 4
Hedge Funds Weigh In On Akamai Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in the business. DLD Asset Management LP raised its position in shares of Akamai Technologies by 60.0% during the 2nd 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 in the last quarter. Norges Bank purchased a new stake in Akamai Technologies during the second quarter valued at approximately $266,817,000. AQR Capital Management LLC lifted its stake in shares of 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. lifted its stake in shares of Akamai Technologies by 570.0% in the 3rd 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 last quarter. Finally, Rubric Capital Management LP purchased a new position in shares of Akamai Technologies in the 4th quarter worth approximately $104,700,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
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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