Akamai Technologies (NASDAQ:AKAM) CTO Robert Blumofe Sells 243 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Akamai Technologies Price Performance

NASDAQ:AKAM traded down $2.95 during trading hours on Thursday, reaching $124.91. 6,466,892 shares of the company were exchanged, compared to its average volume of 4,980,121. The business has a 50 day moving average of $127.30 and a 200 day moving average of $108.01. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $18.16 billion, a P/E ratio of 42.06, a P/E/G ratio of 4.14 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. Research analysts forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on AKAM. Zacks Research lowered shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Evercore began coverage on shares of Akamai Technologies in a research report on Tuesday, April 14th. They set an “outperform” rating and a $130.00 price target on the stock. KeyCorp lifted their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. TD Cowen lowered their price objective on shares of Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Finally, Piper Sandler restated a “neutral” rating and set a $156.00 target price (up from $114.00) on shares of Akamai Technologies 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AKAM. JFS Wealth Advisors LLC raised its holdings in Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after buying an additional 263 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 worth $26,000 after acquiring an additional 289 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Akamai Technologies during the 4th quarter worth approximately $31,000. Root Financial Partners LLC increased its position in Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. Finally, WealthCollab LLC increased its position in Akamai Technologies by 154.2% in the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after acquiring an additional 239 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Company Profile

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.