Representative Jefferson Shreve (R-Indiana) recently bought shares of Akamai Technologies, Inc. NASDAQ: AKAM. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Akamai Technologies stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
- Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
- Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
- Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
- Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
- Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
- Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
- Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
- Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
- Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.
Akamai Technologies Trading Down 0.5 %
Shares of Akamai Technologies stock traded down $0.35 during trading on Friday, reaching $73.46. 1,613,375 shares of the company were exchanged, compared to its average volume of 1,926,326. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.74 and a beta of 0.80. The business has a 50-day moving average price of $81.56 and a 200-day moving average price of $91.82.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly 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). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.
Insider Buying and Selling at Akamai Technologies
In other news, EVP Aaron Ahola sold 4,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $80.92, for a total transaction of $323,680.00. Following the completion of the sale, the executive vice president now owns 25,211 shares in the company, valued at $2,040,074.12. The trade was a 13.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO F Thomson Leighton bought 37,670 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $79.58 per share, for a total transaction of $2,997,778.60. Following the purchase, the chief executive officer now owns 137,342 shares of the company's stock, valued at $10,929,676.36. This trade represents a 37.79 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 31,394 shares of company stock valued at $2,653,043 in the last quarter. 1.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have issued reports on AKAM. Susquehanna decreased their target price on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating for the company in a research note on Friday, February 21st. Citigroup dropped their target price on shares of Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Piper Sandler reduced their price target on shares of Akamai Technologies from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada lowered their price objective on shares of Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Finally, Bank of America lowered shares of Akamai Technologies from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $125.00 to $100.00 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $104.75.
Get Our Latest Stock Report on AKAM
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Akamai Technologies during the fourth quarter worth approximately $49,000. Van ECK Associates Corp boosted its stake in shares of Akamai Technologies by 49.6% during the 4th quarter. Van ECK Associates Corp now owns 2,746 shares of the technology infrastructure company's stock worth $263,000 after acquiring an additional 910 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Akamai Technologies by 32.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 188,388 shares of the technology infrastructure company's stock worth $19,018,000 after acquiring an additional 46,335 shares during the last quarter. Cascade Investment Advisors Inc. bought a new stake in Akamai Technologies in the 4th quarter valued at $827,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Akamai Technologies in the 4th quarter valued at $617,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Akamai Technologies Company Profile
(
Get Free Report)
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.
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