Akamai Technologies, Inc. $AKAM Position Lowered by Inspire Investing LLC

Inspire Investing LLC decreased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,559 shares of the technology infrastructure company’s stock after selling 329 shares during the period. Inspire Investing LLC’s holdings in Akamai Technologies were worth $284,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Aberdeen Group plc lifted its position in shares of Akamai Technologies by 4.3% during the second quarter. Aberdeen Group plc now owns 151,400 shares of the technology infrastructure company’s stock worth $12,076,000 after purchasing an additional 6,223 shares during the last quarter. Lmcg Investments LLC lifted its position in shares of Akamai Technologies by 6.2% during the second quarter. Lmcg Investments LLC now owns 95,071 shares of the technology infrastructure company’s stock worth $7,583,000 after purchasing an additional 5,536 shares during the last quarter. JB Capital LLC lifted its position in shares of Akamai Technologies by 17.3% during the second quarter. JB Capital LLC now owns 59,655 shares of the technology infrastructure company’s stock worth $4,758,000 after purchasing an additional 8,810 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Akamai Technologies by 147.0% during the second quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock worth $117,349,000 after purchasing an additional 875,712 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Akamai Technologies by 2.0% during the second quarter. KLP Kapitalforvaltning AS now owns 51,906 shares of the technology infrastructure company’s stock worth $4,140,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In other news, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total transaction of $231,000.00. Following the sale, the chief technology officer owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total transaction of $303,040.00. Following the transaction, the executive vice president owned 21,211 shares in the company, valued at $1,606,945.36. This represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,000 shares of company stock valued at $917,290. Insiders own 2.00% of the company’s stock.

Akamai Technologies Stock Performance

AKAM opened at $72.96 on Friday. The business’s 50 day moving average is $76.15 and its 200-day moving average is $77.15. The stock has a market cap of $10.46 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 3.52 and a beta of 0.75. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AKAM. Morgan Stanley lowered shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a research note on Tuesday, August 5th. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Raymond James Financial dropped their price objective on shares of Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings lowered shares of Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $93.58.

Akamai Technologies Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.