Akamai Technologies Inc’s recent filing unveils that its Chief Financial Officer McGowan Edward J unloaded Company’s shares for reported $0.97 million on Mar 11 ’25. In the deal valued at $82.34 per share,11,804 shares were sold. As a result of this transaction, McGowan Edward J now holds 22,706 shares worth roughly $1.83 million.
Then, Karon Adam sold 9,861 shares, generating $811,943 in total proceeds. Upon selling the shares at $82.34, the COO & GM Edge Technology Group now owns 14,736 shares.
Before that, Karon Adam bought 13,788 shares. Akamai Technologies Inc shares valued at $1,135,287 were divested by the Officer at a price of $82.34 per share.
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 Tuesday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock fall -4.16% to $80.65. Over the last five days, the stock has lost -1.86%. Akamai Technologies Inc shares have fallen nearly -15.68% since the year began. Nevertheless, the stocks have fallen -28.52% over the past one year. While a 52-week high of $111.79 was reached on 02/10/25, a 52-week low of $75.50 was recorded on 02/24/25. SMA at 50 days reached $92.65, while 200 days put it at $95.55.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 79.41, which if violated will result in even more drops to 78.18. On the upside, there is a resistance level at 83.02. A further resistance level may holdings at 85.40. The Relative Strength Index (RSI) on the 14-day chart is 37.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 79.53%. Stochastics %K at 34.21% 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.
