Koshinski Asset Management Inc. Reduces Position in Akamai Technologies, Inc. $AKAM

Koshinski Asset Management Inc. lessened its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.1% during the 2nd quarter, Holdings Channel reports. The firm owned 7,131 shares of the technology infrastructure company’s stock after selling 464 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Akamai Technologies were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of Akamai Technologies in the 1st quarter valued at $27,000. 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 acquiring an additional 133 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Akamai Technologies by 766.1% in the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after acquiring an additional 429 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Akamai Technologies in the 1st quarter valued at $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Akamai Technologies in the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $72.86 on Monday. The firm has a 50-day simple moving average of $76.20 and a 200-day simple moving average of $77.05. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $106.80.

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

Insider Activity at Akamai Technologies

In related news, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the completion of the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were 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 directly owned 27,910 shares of the company’s stock, valued at $2,149,070. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,000 shares of company stock valued at $917,290. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AKAM shares. Weiss Ratings downgraded shares of Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Scotiabank lowered their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a report on Friday, August 8th. The Goldman Sachs Group assumed coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target on the stock. Morgan Stanley downgraded shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target on the stock. in a report on Tuesday, August 5th. Finally, DA Davidson reissued a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.58.

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.