Akamai Technologies, Inc. $AKAM Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC lowered its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 48.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,125 shares of the technology infrastructure company’s stock after selling 5,688 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Akamai Technologies were worth $703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caliber Wealth Management LLC KS raised its holdings in shares of Akamai Technologies by 9.2% in the 1st quarter. Caliber Wealth Management LLC KS now owns 2,621 shares of the technology infrastructure company’s stock valued at $301,000 after purchasing an additional 221 shares in the last quarter. Simmons Bank purchased a new position in Akamai Technologies in the first quarter valued at $265,000. waypoint wealth counsel acquired a new stake in Akamai Technologies in the first quarter valued at $219,000. Apollon Wealth Management LLC acquired a new stake in Akamai Technologies in the first quarter valued at $309,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Akamai Technologies by 4.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 32,869 shares of the technology infrastructure company’s stock worth $3,775,000 after buying an additional 1,384 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $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. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AKAM shares. The Goldman Sachs Group increased their price objective on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Zacks Research cut Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. HSBC upped their price target on Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Morgan Stanley increased their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Scotiabank raised their price objective on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.29.

Akamai Technologies Stock Down 4.6%

Akamai Technologies stock opened at $112.81 on Thursday. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $16.40 billion, a P/E ratio of 37.98, a PEG ratio of 3.70 and a beta of 0.63. The stock has a 50-day simple moving average of $131.01 and a 200-day simple moving average of $110.23.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior 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. Equities research analysts expect that Akamai Technologies, Inc. will post 3.93 earnings per share for the current year.

About Akamai Technologies

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.