Akamai Technologies, Inc.

NASDAQ Global Select
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Bullish +75

AlTi Global Inc. Invests $1.19 Million in Akamai Technologies, Inc ...

AI-generated analysis

📈 AlTi Global Inc. purchased 10,396 shares of Akamai Technologies valued at approximately $1.194 million in the first quarter.

📊 Several other large investors including JFS Wealth Advisors LLC and Root Financial Partners LLC increased their stakes in AKAM during the fourth quarter.

💰 EVP Kim Salem-Jackson sold 2,300 shares for a total value of $311,811.00 under a pre-arranged Rule 10b5-1 trading plan.

👨‍💻 CTO Robert Blumofe sold 243 shares for $31,446.63 on June 18th under a pre-arranged Rule 10b5-1 trading plan.

📉 Akamai reported Q1 EPS of $1.61 which met the consensus estimate and revenue of $1.07 billion matching expectations.

🚀 Revenue for the quarter was up 5.8% on a year-over-year basis compared to the same period last year.

📅 The company set FY 2026 guidance at 6.400-7.150 EPS and Q2 2026 guidance at 1.450-1.650 EPS.

🏦 HSBC raised its price objective on Akamai Technologies from $134.00 to $171.00 in a report on May 11th.

📈 Morgan Stanley upped its target price from $120.00 to $165.00 and assigned an 'overweight' rating on May 14th.

💼 Raymond James Financial increased its price target from $140.00 to $170.00 in a research report on May 11th.

📉 Citigroup raised its price target from $110.00 to $160.00 and maintained a 'neutral' rating on May 15th.

🔍 Piper Sandler restated a 'neutral' rating with a new price objective of $156.00, up from $114.00, on May 8th.

📊 Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating.

🌐 Akamai is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize digital experiences.

🛡️ The company's core offerings include content acceleration, web performance optimization, media delivery, and cybersecurity solutions against DDoS attacks.

Bullish Signals
  • AlTi Global Inc. purchased a new position in Akamai Technologies valued at approximately $1.194 million during the first quarter.
  • JFS Wealth Advisors LLC grew its stake in Akamai Technologies by 626.2% in the fourth quarter, now owning shares worth $27,000.
  • Root Financial Partners LLC raised its stake in Akamai Technologies by 45.8% during the fourth quarter, acquiring additional shares valued at $31,000.
  • WealthCollab LLC boosted its holdings in Akamai Technologies by 154.2% in the fourth quarter, purchasing additional shares worth $34,000.
  • CYBER HORNET ETFs LLC purchased a new stake in Akamai Technologies valued at approximately $32,000 during the second quarter.
  • Akamai reported revenue of $1.07 billion for the quarter, matching analysts' expectations and growing 5.8% year-over-year.
  • The company posted $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61.
  • HSBC raised its price objective on Akamai Technologies from $134.00 to $171.00 in a report on May 11th.
  • Morgan Stanley upped its target price on Akamai Technologies from $120.00 to $165.00 and gave the stock an 'overweight' rating.
  • Raymond James Financial increased its price target on Akamai Technologies from $140.00 to $170.00 in a research report.
  • Citigroup raised its price target on Akamai Technologies from $110.00 to $160.00 and gave the company a 'neutral' rating.
  • Piper Sandler restated a 'neutral' rating and issued a $156.00 price objective, up from $114.00, on shares of Akamai Technologies.
Risk Factors
  • EVP Kim Salem-Jackson sold 2,300 shares of the business's stock for a total value of $311,811.00 in a transaction dated June 10th.
  • CTO Robert Blumofe sold 243 shares of the stock for a total transaction of $31,446.63 in a transaction dated June 18th.
Full Analysis
AlTi Global Inc. purchased a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the first quarter, acquiring 10,396 shares valued at approximately $1.194 million. This move joins several other institutional investors who recently increased their stakes in the technology infrastructure company, including JFS Wealth Advisors LLC, Sarver Vrooman Wealth Advisors, Root Financial Partners LLC, WealthCollab LLC, and CYBER HORNET ETFs LLC. In insider trading activity, EVP Kim Salem-Jackson sold 2,300 shares for $311,811.00 on June 10th under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership to approximately 59,210 shares valued at $8.0 million. Additionally, CTO Robert Blumofe sold 243 shares for $31,446.63 on June 18th under a similar trading plan, leaving him with roughly 31,006 shares worth $4.0 million. Akamai reported earnings on May 7th, posting $1.61 EPS which met the consensus estimate of $1.61, and revenue of $1.07 billion matching analyst expectations. The company's revenue grew 5.8% year-over-year to $1.07 billion. For fiscal year 2026, Akamai has provided guidance for EPS between $6.40 and $7.15, with Q2 2026 guidance set between $1.45 and $1.65. Major investment banks have recently raised their price targets on AKAM stock. HSBC increased its target from $134 to $171, Morgan Stanley raised its target from $120 to $165 with an 'overweight' rating, Raymond James Financial moved its target from $140 to $170, and Citigroup raised its target from $110 to $160. Piper Sandler also restated a neutral rating with a price objective of $156.