Money Concepts Capital Corp Takes $1.50 Million Position in Akamai Technologies, Inc. $AKAM

Money Concepts Capital Corp acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 3rd quarter, Holdings Channel reports. The firm acquired 19,746 shares of the technology infrastructure company’s stock, valued at approximately $1,496,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AKAM. Brighton Jones LLC raised its position in Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after acquiring an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock worth $88,000 after purchasing an additional 283 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Akamai Technologies during the 1st quarter worth approximately $266,000. Empowered Funds LLC raised its position in shares of Akamai Technologies by 73.0% during the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after purchasing an additional 3,010 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Akamai Technologies by 8.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,899 shares of the technology infrastructure company’s stock valued at $1,428,000 after buying an additional 1,351 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler raised their price target on Akamai Technologies from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Bank of America dropped their price objective on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. DA Davidson reissued a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a research note on Thursday, October 16th. Wall Street Zen cut shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group downgraded shares of Akamai Technologies to an “underperform” rating in a report on Monday, December 15th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $96.11.

Akamai Technologies Stock Down 0.5%

Shares of NASDAQ:AKAM opened at $96.63 on Tuesday. 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 firm has a market cap of $13.90 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 3.52 and a beta of 0.68. The stock’s 50-day moving average price is $89.99 and its two-hundred day moving average price is $81.98. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $104.97.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The company’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. On average, research analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 6,560 shares of Akamai Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $88.03, for a total value of $577,476.80. Following the transaction, the chief financial officer owned 16,442 shares in the company, valued at $1,447,389.26. This trade represents a 28.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Adam Karon sold 3,320 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the sale, the chief operating officer directly owned 7,785 shares of the company’s stock, valued at $679,630.50. This represents a 29.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,318 shares of company stock valued at $2,890,254 over the last 90 days. 2.00% of the stock is currently owned by insiders.

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.