6,500 Shares in Akamai Technologies, Inc. $AKAM Bought by Tejara Capital Ltd

Tejara Capital Ltd bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,500 shares of the technology infrastructure company’s stock, valued at approximately $492,000.

Several other institutional investors also recently added to or reduced their stakes in AKAM. Whittier Trust Co. of Nevada Inc. grew its position in Akamai Technologies by 295.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Akamai Technologies by 130.0% during the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 195 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Akamai Technologies by 497.0% during the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after purchasing an additional 333 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Akamai Technologies by 1,469.2% during the third quarter. True Wealth Design LLC now owns 408 shares of the technology infrastructure company’s stock valued at $31,000 after acquiring an additional 382 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies in the second quarter valued at approximately $32,000. 94.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $90.17, for a total transaction of $450,850.00. Following the completion of the sale, the executive vice president owned 17,513 shares in the company, valued at $1,579,147.21. The trade was a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $97.00, for a total transaction of $339,500.00. Following the transaction, the chief technology officer owned 18,074 shares of the company’s stock, valued at $1,753,178. This represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 32,318 shares of company stock valued at $2,890,254. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Bank of America lowered 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 note on Monday, October 20th. The Goldman Sachs Group boosted their target price on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a report on Friday, November 7th. Scotiabank lifted their price objective on shares of Akamai Technologies from $94.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 9th. Oppenheimer initiated coverage on Akamai Technologies in a report on Monday, November 17th. They set an “outperform” rating and a $100.00 target price for the company. Finally, President Capital raised 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. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.11.

Akamai Technologies Price Performance

Shares of AKAM opened at $97.15 on Friday. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $104.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. The business has a 50-day moving average of $89.83 and a 200-day moving average of $81.81. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.22. The business 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 revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. 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, equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.