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

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 AKAM stock traded up $0.36 during trading on Tuesday, hitting $74.51. 936,708 shares of the stock traded hands, compared to its average volume of 1,917,042. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The firm has a market capitalization of $10.89 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80. The firm’s fifty day moving average price is $83.71 and its 200-day moving average price 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) last posted 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 analyst estimates of $1.02 billion. Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. As a group, research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO F Thomson Leighton purchased 37,670 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $79.58 per share, with a total value of $2,997,778.60. Following the acquisition, the chief executive officer now owns 137,342 shares in the company, valued at approximately $10,929,676.36. This trade represents a 37.79 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction dated 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 directly owns 25,211 shares of the company’s stock, valued at $2,040,074.12. The trade was a 13.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,394 shares of company stock worth $3,019,323. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AKAM has been the subject of a number of research reports. Susquehanna dropped their price objective 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. Raymond James reduced 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. Oppenheimer started coverage on shares of Akamai Technologies in a report on Thursday, March 20th. They issued an “outperform” rating and a $100.00 price objective for the company. Craig Hallum downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Friday, February 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position in Akamai Technologies by 24.6% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 37,034 shares of the technology infrastructure company’s stock valued at $2,980,000 after acquiring an additional 7,300 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Akamai Technologies by 595.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,614 shares of the technology infrastructure company’s stock valued at $130,000 after purchasing an additional 1,382 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Akamai Technologies by 8.7% in the 1st quarter. Park Avenue Securities LLC now owns 8,085 shares of the technology infrastructure company’s stock worth $651,000 after buying an additional 647 shares in the last quarter. Davis Capital Management grew its stake in shares of Akamai Technologies by 15.8% during the first quarter. Davis Capital Management now owns 9,108 shares of the technology infrastructure company’s stock valued at $733,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Akamai Technologies by 5.9% during the first quarter. Czech National Bank now owns 34,504 shares of the technology infrastructure company’s stock worth $2,778,000 after acquiring an additional 1,931 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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 [email protected] 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

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.