Insider Selling: Akamai Technologies (NASDAQ:AKAM) EVP Sells 2,300 Shares of Stock

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

Akamai Technologies Trading Down 5.7%

AKAM traded down $7.84 on Wednesday, reaching $129.97. 4,763,184 shares of the company’s stock were exchanged, compared to its average volume of 5,054,009. The company’s 50 day moving average is $125.33 and its 200-day moving average is $106.20. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 4.48 and a beta of 0.60. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. 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. Equities analysts predict that Akamai Technologies, Inc. will post 3.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AKAM. UBS Group upped their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. HSBC upped their price target on Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Evercore began coverage on Akamai Technologies in a report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price target for the company. TD Cowen decreased their price target on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a report on Friday, February 20th. Finally, Robert W. Baird restated a “neutral” rating and issued a $110.00 price target on shares of Akamai Technologies in a report on Thursday, April 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $145.29.

Hedge Funds Weigh In On Akamai Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AKAM. Brighton Jones LLC boosted its stake in shares of Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after buying an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after buying an additional 283 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Akamai Technologies during the 1st quarter valued at approximately $266,000. Empowered Funds LLC boosted its stake in shares of Akamai Technologies by 73.0% during the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after buying an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Akamai Technologies by 152.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock valued at $93,000 after buying an additional 703 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.