Beverly Hills Private Wealth LLC Sells 207 Shares of Akamai Technologies, Inc. $AKAM

Beverly Hills Private Wealth LLC lessened its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,621 shares of the technology infrastructure company’s stock after selling 207 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Akamai Technologies were worth $209,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Opes Wealth Management LLC boosted its holdings in shares of Akamai Technologies by 2.7% in the 1st quarter. Opes Wealth Management LLC now owns 4,872 shares of the technology infrastructure company’s stock valued at $392,000 after buying an additional 128 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Akamai Technologies by 0.5% in the 1st quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company’s stock valued at $2,341,000 after buying an additional 139 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of Akamai Technologies by 7.2% in the 1st quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock valued at $179,000 after buying an additional 149 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of Akamai Technologies by 3.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 5,364 shares of the technology infrastructure company’s stock valued at $434,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In other news, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total transaction of $231,000.00. Following the completion of the sale, the chief technology officer owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. This trade represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This represents a 15.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $917,290. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Trading Up 2.5%

Shares of Akamai Technologies stock opened at $76.13 on Wednesday. The business has a fifty day simple moving average of $76.35 and a two-hundred day simple moving average of $77.05. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $105.98. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.55 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 posted its earnings results 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The company’s 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. Research analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

AKAM has been the subject of several recent analyst reports. Morgan Stanley downgraded Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective for the company. in a report on Tuesday, August 5th. Piper Sandler cut their price objective on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Raymond James Financial cut their price objective on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, August 8th. DA Davidson reaffirmed a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a report on Thursday, October 16th. Finally, Scotiabank cut their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Akamai Technologies currently has a consensus rating of “Hold” and a consensus target price of $92.53.

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.