Cwm LLC Purchases 40,979 Shares of Akamai Technologies, Inc. $AKAM

Cwm LLC lifted its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 63.2% during the third quarter, Holdings Channel reports. The institutional investor owned 105,848 shares of the technology infrastructure company’s stock after buying an additional 40,979 shares during the quarter. Cwm LLC’s holdings in Akamai Technologies were worth $8,019,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Akamai Technologies by 4.1% in the third quarter. Pacer Advisors Inc. now owns 19,972 shares of the technology infrastructure company’s stock valued at $1,513,000 after acquiring an additional 792 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Akamai Technologies by 13.3% in the 3rd quarter. Inspire Investing LLC now owns 4,033 shares of the technology infrastructure company’s stock worth $306,000 after purchasing an additional 474 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Akamai Technologies by 5.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,557,394 shares of the technology infrastructure company’s stock worth $117,988,000 after purchasing an additional 86,113 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Akamai Technologies by 47.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,714 shares of the technology infrastructure company’s stock worth $206,000 after buying an additional 876 shares during the last quarter. Finally, Alpha Wealth Funds LLC acquired a new position in Akamai Technologies during the 3rd quarter valued at about $408,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $88.24 on Tuesday. The company has a 50 day simple moving average of $84.28 and a two-hundred day simple moving average of $79.63. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.25 and a beta of 0.68. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. 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. As a group, analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AKAM shares. Raymond James Financial raised their price target on Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. President Capital lifted their target price on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. HSBC boosted their target price on shares of Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. Oppenheimer assumed coverage on shares of Akamai Technologies in a report on Monday, November 17th. They issued an “outperform” rating and a $100.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.72.

Insiders Place Their Bets

In related news, EVP Mani Sundaram sold 10,438 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $89.25, for a total transaction of $931,591.50. Following the sale, the executive vice president directly owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 20,498 shares of company stock valued at $1,810,068. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Profile

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.