Rep. Jefferson Shreve Buys Akamai Technologies, Inc. (NASDAQ:AKAM) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of Akamai Technologies, Inc. (NASDAQ:AKAM). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Akamai Technologies stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Akamai Technologies Stock Performance

AKAM stock traded up $1.77 during midday trading on Monday, reaching $78.02. 766,132 shares of the company’s stock traded hands, compared to its average volume of 1,921,385. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The stock has a market cap of $11.40 billion, a P/E ratio of 23.93, a PEG ratio of 2.74 and a beta of 0.82. The stock’s 50-day moving average is $78.85 and its 200 day moving average is $89.26.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, May 8th. The technology infrastructure company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. Akamai Technologies’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. As a group, analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Mani Sundaram sold 10,683 shares of Akamai Technologies stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $86.52, for a total transaction of $924,293.16. Following the completion of the sale, the executive vice president now owns 23,988 shares of the company’s stock, valued at approximately $2,075,441.76. The trade was a 30.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Adam Karon sold 3,927 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $85.02, for a total value of $333,873.54. Following the sale, the chief operating officer now owns 10,809 shares in the company, valued at approximately $918,981.18. The trade was a 26.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,321 shares of company stock worth $2,986,916 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Several large investors have recently modified their holdings of AKAM. Principal Financial Group Inc. boosted its position in Akamai Technologies by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 200,458 shares of the technology infrastructure company’s stock valued at $20,236,000 after acquiring an additional 6,785 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of Akamai Technologies by 38.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock worth $53,000 after acquiring an additional 155 shares during the last quarter. Czech National Bank increased its holdings in shares of Akamai Technologies by 5.5% during the fourth quarter. Czech National Bank now owns 32,573 shares of the technology infrastructure company’s stock valued at $3,116,000 after acquiring an additional 1,706 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Akamai Technologies by 28.0% in the 4th quarter. Park Avenue Securities LLC now owns 7,438 shares of the technology infrastructure company’s stock valued at $711,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in Akamai Technologies by 1.2% in the 4th quarter. Gateway Investment Advisers LLC now owns 21,951 shares of the technology infrastructure company’s stock worth $2,100,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AKAM shares. UBS Group raised their target price on shares of Akamai Technologies from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Oppenheimer started coverage on Akamai Technologies in a research note on Thursday, March 20th. They issued an “outperform” rating and a $100.00 price target for the company. Citigroup cut their price objective on Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Royal Bank of Canada cut their target price on shares of Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Akamai Technologies from $76.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.26.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Akamai Technologies

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.