Rep. Jefferson Shreve Buys Akamai Technologies, Inc. (NASDAQ:AKAM) Shares

by · The Cerbat Gem

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 Up 0.5 %

Shares of Akamai Technologies stock traded up $0.36 during trading on Tuesday, hitting $74.51. The stock had a trading volume of 936,724 shares, compared to its average volume of 1,918,398. The stock has a market cap of $10.89 billion, a PE ratio of 22.86, a PEG ratio of 2.74 and a beta of 0.80. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The firm’s fifty day simple moving average is $83.71 and its 200-day simple moving average is $92.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33.

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

Insider Activity at Akamai Technologies

In other news, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the sale, the executive vice president now owns 23,104 shares of the company’s stock, valued at approximately $2,115,633.28. This represents a 14.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO F Thomson Leighton acquired 37,670 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $79.58 per share, for a total transaction of $2,997,778.60. Following the transaction, the chief executive officer now directly owns 137,342 shares of the company’s stock, valued at approximately $10,929,676.36. This trade represents a 37.79 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 35,394 shares of company stock worth $3,019,323. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AKAM shares. Royal Bank of Canada lowered their price target on Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. Raymond James cut their target price on Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Oppenheimer assumed coverage on Akamai Technologies in a research report on Thursday, March 20th. They set an “outperform” rating and a $100.00 price target on the stock. Craig Hallum downgraded Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Friday, February 21st. Finally, UBS Group started coverage on shares of Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Akamai Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.55.

Check Out Our Latest Report on AKAM

Hedge Funds Weigh In On Akamai Technologies

Several institutional investors and hedge funds have recently modified their holdings of AKAM. SBI Securities Co. Ltd. purchased a new stake in Akamai Technologies in the 4th quarter worth $49,000. Van ECK Associates Corp grew its holdings in Akamai Technologies by 49.6% in the 4th quarter. Van ECK Associates Corp now owns 2,746 shares of the technology infrastructure company’s stock valued at $263,000 after buying an additional 910 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Akamai Technologies by 32.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 188,388 shares of the technology infrastructure company’s stock valued at $19,018,000 after buying an additional 46,335 shares during the period. Cascade Investment Advisors Inc. purchased a new stake in shares of Akamai Technologies during the 4th quarter valued at approximately $827,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Akamai Technologies in the 4th quarter valued at $617,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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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