Key Points
- Mani Sundaram, Akamai's EVP, sold 1,722 shares on March 9 at an average price of $98.58 (≈$169,755); he also sold 8,642 shares on March 4 and 3,186 shares on March 5, cutting his ownership by 7.37% to 21,647 shares.
- Akamai beat quarterly estimates with $1.84 EPS on $1.09B revenue and set FY2026 guidance of $6.20–$7.20 EPS; analysts' consensus is a "Hold" with an average price target of $108.84.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) EVP Mani Sundaram sold 1,722 shares of the business's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $98.58, for a total value of $169,754.76. Following the completion of the sale, the executive vice president owned 21,647 shares in the company, valued at $2,133,961.26. This represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Mani Sundaram also recently made the following trade(s):
- On Thursday, March 5th, Mani Sundaram sold 3,186 shares of Akamai Technologies stock. The stock was sold at an average price of $101.90, for a total transaction of $324,653.40.
- On Wednesday, March 4th, Mani Sundaram sold 8,642 shares of Akamai Technologies stock. The stock was sold at an average price of $101.25, for a total transaction of $875,002.50.
Akamai Technologies Price Performance
AKAM opened at $102.11 on Tuesday. The firm has a 50-day moving average price of $96.26 and a 200-day moving average price of $86.20. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $113.50. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 3.37 and a beta of 0.72.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.09. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. Akamai Technologies's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. Equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently commented on AKAM. Scotiabank raised their price target on Akamai Technologies from $105.00 to $120.00 and gave the stock a "sector outperform" rating in a report on Friday, February 20th. TD Cowen decreased their price objective on Akamai Technologies from $104.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, February 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Akamai Technologies in a report on Monday, December 29th. HSBC lifted their target price on Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. Finally, The Goldman Sachs Group upped their price target on Akamai Technologies from $69.00 to $76.00 and gave the company a "sell" rating in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $108.84.
Get Our Latest Stock Report on AKAM
Institutional Investors Weigh In On Akamai Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in AKAM. Whittier Trust Co. of Nevada Inc. boosted its stake in Akamai Technologies by 295.3% during 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 buying an additional 251 shares during the period. TD Waterhouse Canada Inc. increased its stake in Akamai Technologies by 130.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company's stock worth $26,000 after acquiring an additional 195 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 worth $26,000 after acquiring an additional 289 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company's stock valued at $27,000 after acquiring an additional 263 shares in the last quarter. Finally, Wolff Wiese Magana LLC boosted its position in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company's stock valued at $30,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.
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.
Further Reading
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