Exchange Traded Concepts LLC Boosts Position in Akamai Technologies, Inc. $AKAM

Exchange Traded Concepts LLC boosted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 22.4% in the third quarter, HoldingsChannel.com reports. The firm owned 60,523 shares of the technology infrastructure company’s stock after buying an additional 11,096 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Akamai Technologies were worth $4,585,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. WPG Advisers LLC purchased a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $27,000. UMB Bank n.a. raised its stake in Akamai Technologies by 50.8% during the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after acquiring an additional 133 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Akamai Technologies in the second quarter valued at $32,000. MUFG Securities EMEA plc purchased a new stake in Akamai Technologies in the second quarter valued at $35,000. Finally, Assetmark Inc. boosted its stake in Akamai Technologies by 198.1% in the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock valued at $38,000 after acquiring an additional 315 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Akamai Technologies

In other news, CFO Edward J. Mcgowan sold 6,560 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the completion of the transaction, the chief financial officer directly owned 16,442 shares of the company’s stock, valued at approximately $1,447,389.26. This represents a 28.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mani Sundaram sold 10,438 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the sale, the executive vice president directly owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This represents a 43.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,498 shares of company stock worth $1,810,068 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies Trading Down 0.5%

NASDAQ:AKAM opened at $88.82 on Thursday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock’s 50 day simple moving average is $83.37 and its 200-day simple moving average is $79.41. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $103.75. The firm has a market cap of $12.78 billion, a P/E ratio of 26.05, a PEG ratio of 3.28 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The firm 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 quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. 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. Equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Oppenheimer assumed coverage on Akamai Technologies in a research report on Monday, November 17th. They set an “outperform” rating and a $100.00 target price on the stock. Piper Sandler raised their price target on Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. President Capital lifted their price target on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Scotiabank decreased their price objective on Akamai Technologies from $95.00 to $94.00 and set a “hold” rating for the company in a report on Friday, November 7th. Finally, HSBC raised their target price on shares of Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus target price of $92.72.

About Akamai Technologies

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.