Insider Selling: Akamai Technologies (NASDAQ:AKAM) CTO Sells $31,446.63 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Stock Performance

AKAM opened at $124.91 on Friday. The business has a 50 day moving average price of $127.70 and a two-hundred day moving average price of $108.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 42.06, a price-to-earnings-growth ratio of 3.91 and a beta of 0.60. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Research analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

AKAM has been the subject of several research reports. Royal Bank Of Canada raised their price objective on shares of Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Susquehanna increased their target price on shares of Akamai Technologies from $120.00 to $175.00 and gave the company a “positive” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their target price on shares of Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. UBS Group lifted their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $110.00 price objective on shares of Akamai Technologies in a research report on Thursday, April 2nd. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.29.

Institutional Trading of Akamai Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co increased its position in Akamai Technologies by 28.6% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 4,195 shares of the technology infrastructure company’s stock worth $482,000 after purchasing an additional 932 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Akamai Technologies by 6.0% in the 1st quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock valued at $389,000 after buying an additional 191 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Akamai Technologies in the first quarter worth approximately $404,000. Liontrust Investment Partners LLP bought a new position in Akamai Technologies during the first quarter valued at approximately $360,000. Finally, Kentucky Retirement Systems lifted its stake in Akamai Technologies by 64.0% in the first quarter. Kentucky Retirement Systems now owns 14,777 shares of the technology infrastructure company’s stock valued at $1,697,000 after acquiring an additional 5,769 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.