Atria Investments Inc Has $648,000 Stock Position in Akamai Technologies, Inc. $AKAM

Atria Investments Inc increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,128 shares of the technology infrastructure company’s stock after buying an additional 1,404 shares during the quarter. Atria Investments Inc’s holdings in Akamai Technologies were worth $648,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AKAM. WPG Advisers LLC acquired a new position in shares of Akamai Technologies in the first quarter valued at approximately $27,000. UMB Bank n.a. lifted its position in Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after acquiring an additional 133 shares in the last quarter. Assetmark Inc. boosted its stake in Akamai Technologies by 198.1% in the 2nd quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock worth $38,000 after purchasing an additional 315 shares during the period. LRI Investments LLC increased its holdings in Akamai Technologies by 766.1% during the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock worth $39,000 after purchasing an additional 429 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Akamai Technologies in the 1st quarter valued at about $42,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $83.74 on Monday. The firm has a 50-day moving average price of $75.93 and a two-hundred day moving average price of $77.27. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $103.75. The company has a market capitalization of $12.01 billion, a P/E ratio of 29.70, a P/E/G ratio of 3.49 and a beta of 0.72. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period 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. Q4 2025 guidance at 1.650-1.850 EPS. Analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Activity

In other news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the sale, the executive vice president directly owned 21,211 shares of the company’s stock, valued at approximately $1,606,945.36. This represents a 15.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the completion of the transaction, the executive vice president owned 27,349 shares in the company, valued at $2,096,300.85. The trade was a 15.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 15,500 shares of company stock worth $1,218,290. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on AKAM shares. Morgan Stanley reduced their price objective on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating for the company in a research report on Friday. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research note on Monday, August 11th. Piper Sandler boosted their price target on shares of Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday. Scotiabank decreased their price objective on Akamai Technologies from $95.00 to $94.00 and set a “hold” rating for the company in a report on Friday. Finally, DA Davidson reiterated a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.80.

Akamai Technologies Company 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.