Rep. Gilbert Ray Cisneros, Jr. Sells Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Akamai Technologies, Inc. (NASDAQ:AKAM). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Akamai Technologies stock on February 26th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Sterling Infrastructure NASDAQ: STRL on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 3/3/2025.
• Sold $1,001 - $15,000 in shares of Ford Motor NYSE: F on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 2/26/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 2/26/2025.
• Purchased $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 2/26/2025.
• Sold $1,001 - $15,000 in shares of General Motors NYSE: GM on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Dollar General NYSE: DG on 2/26/2025.

Akamai Technologies Stock Performance

AKAM traded down $3.50 during midday trading on Tuesday, hitting $80.65. 4,335,410 shares of the company were exchanged, compared to its average volume of 2,774,727. The company's 50 day simple moving average is $92.83 and its 200 day simple moving average is $96.48. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68. Akamai Technologies, Inc. has a 1-year low of $75.50 and a 1-year high of $110.79. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49.

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Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.33). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Buying and Selling

In other Akamai Technologies news, COO Adam Karon sold 5,628 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $86.20, for a total transaction of $485,133.60. Following the completion of the sale, the chief operating officer now directly owns 24,597 shares of the company's stock, valued at $2,120,261.40. This represents a 18.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $98.71, for a total value of $1,064,291.22. Following the sale, the chief financial officer now owns 12,716 shares of the company's stock, valued at $1,255,196.36. This trade represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,176 shares of company stock worth $3,759,934 over the last 90 days. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on AKAM shares. Raymond James dropped their price target on shares of Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Susquehanna dropped their price target on shares of Akamai Technologies from $110.00 to $105.00 and set a "positive" rating on the stock in a research note on Friday, February 21st. Needham & Company LLC restated a "hold" rating on shares of Akamai Technologies in a research report on Friday, February 21st. Craig Hallum cut Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price objective on the stock. in a report on Friday, February 21st. Finally, Bank of America lowered Akamai Technologies from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $125.00 to $100.00 in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.55.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. TCTC Holdings LLC raised its stake in shares of Akamai Technologies by 17.0% in the 4th quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock valued at $67,000 after acquiring an additional 102 shares during the period. Empirical Finance LLC lifted its stake in Akamai Technologies by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company's stock worth $538,000 after acquiring an additional 103 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Akamai Technologies by 6.1% during the third quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company's stock worth $189,000 after purchasing an additional 105 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock valued at $25,000 after buying an additional 114 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position in shares of Akamai Technologies by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company's stock worth $1,912,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.