Key Points
- Akamai CEO F. Leighton bought 30,000 shares for about $2.55 million at an average price of $85.08, increasing his ownership by 1.19% to nearly 2.56 million shares.
- Quarterly earnings were $1.77 per share, beating the $1.67 estimate; revenue of $1.12 billion was in line with forecasts and rose 6.4% year over year.
- Shares traded at $85.40, well below their 50- and 200-day averages. Analysts’ consensus rating is Hold, with a reported average price target of $135.09.
Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) CEO F. Leighton bought 30,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, November 13th. The stock was bought at an average price of $85.08 per share, with a total value of $2,552,400.00. Following the completion of the acquisition, the chief executive officer owned 2,559,963 shares in the company, valued at approximately $217,801,652.04. The trade was a 1.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Akamai Technologies Stock Performance
Akamai Technologies stock traded down $1.16 during trading hours on Friday, reaching $85.40. 5,111,297 shares of the company were exchanged, compared to its average volume of 6,893,247. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.99 and a beta of 0.65. The company has a current ratio of 2.13, a quick ratio of 1.64 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $99.32 and a 200 day moving average of $111.91. Akamai Technologies, Inc. has a 12 month low of $77.37 and a 12 month high of $165.45.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.67 by $0.10. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $1.86 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. As a group, research analysts anticipate that Akamai Technologies, Inc. will post 3.57 earnings per share for the current year.
Institutional Investors Weigh In On Akamai Technologies
Hedge funds and other institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC bought a new stake in Akamai Technologies in the 3rd quarter valued at $2,548,000. Pathstone Holdings LLC grew its position in Akamai Technologies by 178.2% in the 3rd quarter. Pathstone Holdings LLC now owns 52,855 shares of the technology infrastructure company's stock worth $5,621,000 after purchasing an additional 33,857 shares during the last quarter. Pillsbury Lake Capital LLC acquired a new stake in Akamai Technologies in the 3rd quarter worth $2,948,000. Headlands Technologies LLC bought a new position in shares of Akamai Technologies during the 3rd quarter worth about $1,906,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Akamai Technologies during the 3rd quarter worth about $1,396,000. Institutional investors and hedge funds own 94.28% of the company's stock.
Top Akamai Technologies Stories
These are some of the AKAM stories that stood out recently:
- Positive Sentiment: CEO F. Leighton bought 30,000 shares for about $2.55 million at an average of $85.08, increasing his direct ownership by 1.19%. The sizable insider purchase may signal confidence in Akamai’s prospects. SEC filing
- Positive Sentiment: CrowdStrike selected Akamai for security services, providing a customer-validation signal for its security business, though the article does not detail the deal’s financial contribution. CrowdStrike chose Akamai for security
- Neutral Sentiment: Akamai closed a $2.5 billion private convertible-note offering: $1.25 billion due in 2028 and $1.25 billion due in 2031, each with a 1% coupon. The financing supports its cloud buildout, but conversion could dilute shareholders and the notes add future obligations. Akamai convertible-note offering
Analyst Upgrades and Downgrades
AKAM has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Akamai Technologies from $140.00 to $149.00 and gave the stock a "hold" rating in a report on Friday, September 25th. Royal Bank Of Canada decreased their price target on shares of Akamai Technologies from $135.00 to $85.00 and set a "sector perform" rating for the company in a report on Friday, November 6th. HSBC cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $123.00 in a report on Monday, August 10th. KeyCorp lowered their price target on Akamai Technologies from $195.00 to $175.00 and set an "overweight" rating on the stock in a research report on Friday, November 6th. Finally, DA Davidson dropped their price objective on Akamai Technologies from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $135.09.
View Our Latest Research Report on AKAM
Akamai Technologies Company Profile
(
Get Free Report)
Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices. The company's offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.
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