Akamai Technologies, Inc. $AKAM Stock Acquired by Krilogy Financial LLC

Krilogy Financial LLC lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 150.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,129 shares of the technology infrastructure company’s stock after purchasing an additional 6,686 shares during the quarter. Krilogy Financial LLC’s holdings in Akamai Technologies were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Silvant Capital Management LLC purchased a new stake in shares of Akamai Technologies during the second quarter valued at $32,000. Cedar Mountain Advisors LLC acquired a new position in shares of Akamai Technologies in the 1st quarter valued at $47,000. Persistent Asset Partners Ltd acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $54,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $69,000. Finally, Ascentis Independent Advisors purchased a new position in Akamai Technologies in the 1st quarter worth $74,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AKAM has been the subject of a number of research reports. HSBC cut Akamai Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Bank of America boosted their price target on Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, September 21st. Guggenheim raised their price objective on Akamai Technologies from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $158.00 target price (up from $125.00) on shares of Akamai Technologies in a report on Friday, September 25th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $150.10.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 7,022 shares of Akamai Technologies stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total transaction of $882,103.64. Following the completion of the transaction, the executive vice president owned 14,625 shares in the company, valued at approximately $1,837,192.50. This trade represents a 32.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of Akamai Technologies stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the transaction, the executive vice president owned 57,197 shares of the company’s stock, valued at $7,321,216. The trade was a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is owned by insiders.

Akamai Technologies Stock Up 0.7%

AKAM stock opened at $92.32 on Friday. The company has a market capitalization of $13.27 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 4.31 and a beta of 0.62. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The firm’s fifty day simple moving average is $109.10 and its 200-day simple moving average is $118.21. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $1.73 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. As a group, equities research analysts forecast that Akamai Technologies, Inc. will post 3.58 earnings per share for the current year.

About Akamai Technologies

Akamai Technologies, Inc (NASDAQ: AKAM) provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company’s services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.