Akamai Technologies (NASDAQ:AKAM) EVP Sells $169,754.76 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Mani Sundaram sold 1,722 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $98.58, for a total transaction of $169,754.76. Following the transaction, the executive vice president directly owned 21,647 shares of the company’s stock, valued at $2,133,961.26. This trade represents a 7.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mani Sundaram also recently made the following trade(s):

• On Thursday, March 5th, Mani Sundaram sold 3,186 shares of Akamai Technologies stock. The stock was sold at an average price of $101.90, for a total value of $324,653.40.
• On Wednesday, March 4th, Mani Sundaram sold 8,642 shares of Akamai Technologies stock. The stock was sold at an average price of $101.25, for a total value of $875,002.50.

Akamai Technologies Stock Up 1.9%

AKAM opened at $106.47 on Thursday. The company has a market cap of $15.44 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 3.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $113.50. The firm has a 50 day moving average price of $96.97 and a 200 day moving average price of $86.53.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. Sell-side analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Institutional Trading of Akamai Technologies

Several large investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 251 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 195 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after purchasing an additional 333 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on AKAM. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday, December 29th. Piper Sandler increased their target price on Akamai Technologies from $89.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded Akamai Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Scotiabank boosted their price target on Akamai Technologies from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 20th. Finally, Evercore upped their price target on Akamai Technologies from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $108.84.

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.