In a filing, Akamai Technologies Inc revealed its EVP – Global Sales Joseph Paul C unloaded Company’s shares for reported $0.37 million on Jan 15 ’25. In the deal valued at $91.57 per share,4,000 shares were sold. As a result of this transaction, Joseph Paul C now holds 23,104 shares worth roughly $1.77 million.
Then, Joseph Paul C bought 4,000 shares, generating $366,280 in total proceeds.
Before that, McGowan Edward J sold 10,782 shares. Akamai Technologies Inc shares valued at $1,064,283 were divested by the Chief Financial Officer at a price of $98.71 per share. As a result of the transaction, McGowan Edward J now holds 12,716 shares, worth roughly $0.98 million.
TD Cowen downgraded its Akamai Technologies Inc [AKAM] rating to a Hold from a a Buy in a research note published on February 21, 2025; the price target was decreased to $98 from $125. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “a Neutral”. Craig Hallum also remained covering AKAM and has decreased its forecast on February 21, 2025 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on February 21, 2025. It rated AKAM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AKAM
On Friday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock fall -21.73% to $76.73. Over the last five days, the stock has lost -23.01%. Akamai Technologies Inc shares have fallen nearly -19.78% since the year began. Nevertheless, the stocks have fallen -29.19% over the past one year. While a 52-week high of $113.36 was reached on 02/10/25, a 52-week low of $84.70 was recorded on 02/21/25. SMA at 50 days reached $96.55, while 200 days put it at $96.49.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 72.19, which if violated will result in even more drops to 67.65. On the upside, there is a resistance level at 85.58. A further resistance level may holdings at 94.43. The Relative Strength Index (RSI) on the 14-day chart is 19.91, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.16%. Stochastics %K at 23.03% indicates the stock is a holding.
The most recent change occurred on December 16, 2024 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $110 price target.
