Bar Harbor Wealth Management Acquires Shares of 11,339 Akamai Technologies, Inc. $AKAM

Bar Harbor Wealth Management acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the first quarter, Holdings Channel reports. The fund acquired 11,339 shares of the technology infrastructure company’s stock, valued at approximately $1,302,000.

Several other institutional investors have also recently made changes to their positions in AKAM. JFS Wealth Advisors LLC raised its holdings in shares of Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Akamai Technologies during the fourth quarter valued at about $31,000. Root Financial Partners LLC boosted its holdings in Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. WealthCollab LLC boosted its holdings in Akamai Technologies by 154.2% during the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after purchasing an additional 239 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Akamai Technologies in the 2nd quarter worth about $32,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Down 0.7%

NASDAQ:AKAM opened at $119.87 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $17.43 billion, a PE ratio of 40.36, a price-to-earnings-growth ratio of 3.77 and a beta of 0.59. The firm’s 50 day moving average is $128.49 and its 200 day moving average is $108.98. Akamai Technologies, Inc. has a 12 month low of $69.78 and a 12 month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company earned $1.70 earnings per share. Akamai Technologies’s revenue was up 5.8% compared to the same quarter last year. 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. Sell-side analysts expect that Akamai Technologies, Inc. will post 3.93 earnings per share for the current year.

Insider Buying and Selling at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AKAM shares. Robert W. Baird restated a “neutral” rating and issued a $110.00 target price on shares of Akamai Technologies in a research note on Thursday, April 2nd. The Goldman Sachs Group increased their price target on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research report on Friday, May 8th. Susquehanna lifted their price target on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Zacks Research cut Akamai Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Piper Sandler restated a “neutral” rating and issued a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.29.

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.