Cooper Creek Partners Management LLC Takes $4.89 Million Position in Akamai Technologies, Inc. $AKAM

Cooper Creek Partners Management LLC purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the first quarter, Holdings Channel.com reports. The fund purchased 42,600 shares of the technology infrastructure company’s stock, valued at approximately $4,893,000.

Several other institutional investors and hedge funds have also modified their holdings of AKAM. Brighton Jones LLC boosted its stake in Akamai Technologies by 101.4% in the fourth 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 in the last quarter. Jones Financial Companies Lllp grew its holdings 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 purchasing an additional 283 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Akamai Technologies during the 1st quarter valued at approximately $266,000. Empowered Funds LLC increased its holdings in shares of Akamai Technologies by 73.0% during the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after buying an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Akamai Technologies by 152.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock valued at $93,000 after purchasing an additional 703 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $115.37 on Friday. 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 firm has a 50-day moving average of $130.93 and a 200-day moving average of $113.96. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company has a market cap of $16.77 billion, a P/E ratio of 38.85, a P/E/G ratio of 3.62 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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 research analysts forecast that Akamai Technologies, Inc. will post 3.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird reiterated a “neutral” rating and set a $110.00 price target on shares of Akamai Technologies in a report on Thursday, April 2nd. JPMorgan Chase & Co. increased their price target on Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Evercore assumed coverage on shares of Akamai Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Scotiabank lifted their price target on Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies currently has an average rating of “Hold” and an average target price of $145.29.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction dated 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 transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

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.