Akamai Technologies (NASDAQ:AKAM) EVP Kim Salem-Jackson Sells 2,300 Shares

Akamai Technologies, Inc. (NASDAQ:AKAMGet Free Report) EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $129.97 on Thursday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $18.90 billion, a PE ratio of 43.76, a P/E/G ratio of 4.35 and a beta of 0.60. The firm has a fifty day simple moving average of $125.72 and a 200 day simple moving average of $106.50. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAMGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company earned $1.70 earnings per share. The business’s revenue 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. On average, sell-side analysts forecast that Akamai Technologies, Inc. will post 3.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Guggenheim boosted their price objective on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Friday, March 27th. TD Cowen cut their price target on shares of Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Susquehanna upped their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and an average price target of $145.29.

Read Our Latest Stock Report on Akamai Technologies

Institutional Trading of Akamai Technologies

A number of large investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after acquiring an additional 957,345 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after buying an additional 349,451 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Akamai Technologies by 5.8% in the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after buying an additional 177,756 shares during the last quarter. Norges Bank purchased a new position in shares of Akamai Technologies in the fourth quarter worth approximately $192,959,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 34.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock worth $191,707,000 after buying an additional 563,178 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

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