Akamai Technologies, Inc. $AKAM Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 13.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,838 shares of the technology infrastructure company’s stock after buying an additional 224 shares during the quarter. Farther Finance Advisors LLC’s holdings in Akamai Technologies were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WPG Advisers LLC purchased a new stake in Akamai Technologies during the first quarter worth approximately $27,000. UMB Bank n.a. lifted its stake in Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after purchasing an additional 133 shares during the last quarter. AlphaQuest LLC purchased a new stake in Akamai Technologies during the first quarter worth approximately $42,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Akamai Technologies during the first quarter worth approximately $49,000. Finally, Quarry LP lifted its stake in Akamai Technologies by 623.3% during the first quarter. Quarry LP now owns 622 shares of the technology infrastructure company’s stock worth $50,000 after purchasing an additional 536 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $78.01 on Friday. The business has a 50 day simple moving average of $76.44 and a 200-day simple moving average of $77.58. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The stock has a market capitalization of $11.19 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 3.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. Akamai Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. Equities analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley cut Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 target price for the company. in a research note on Tuesday, August 5th. Scotiabank decreased their target price on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research note on Friday, August 8th. Raymond James Financial decreased their target price on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Zacks Research upgraded Akamai Technologies to a “hold” rating in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.39.

Insider Buying and Selling

In related news, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the transaction, the chief technology officer directly owned 27,910 shares in the company, valued at $2,149,070. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock valued at $1,305,990 over the last quarter. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.