In a filing, Akamai Technologies Inc revealed its Chief Technology Officer Blumofe Robert unloaded Company’s shares for reported $0.25 million on Jun 12 ’25. In the deal valued at $77.97 per share,3,254 shares were sold. As a result of this transaction, Blumofe Robert now holds 30,910 shares worth roughly $2.47 million.
Then, Blumofe Robert bought 3,254 shares, generating $253,714 in total proceeds.
Before that, Salem-Jackson Kim sold 13,157 shares. Akamai Technologies Inc shares valued at $1,004,247 were divested by the EVP, Chief Marketing Officer at a price of $76.33 per share. As a result of the transaction, Salem-Jackson Kim now holds 43,575 shares, worth roughly $3.49 million.
KeyBanc Capital Markets initiated its Akamai Technologies Inc [AKAM] rating to an Underweight in a research note published recently. TD Cowen also remained covering AKAM and has decreased its forecast on February 21, 2025 with a “Hold” recommendation from previously “Buy” rating. Piper Sandler revised its rating on February 21, 2025. It rated AKAM as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of AKAM
On Monday, Akamai Technologies Inc [NASDAQ:AKAM] saw its stock jump 3.84% to $79.99. Over the last five days, the stock has gained 2.45%. Akamai Technologies Inc shares have fallen nearly -16.37% since the year began. Nevertheless, the stocks have fallen -9.51% over the past one year. While a 52-week high of $106.80 was reached on 02/10/25, a 52-week low of $67.51 was recorded on 04/09/25.
Levels Of Support And Resistance For AKAM Stock
The 24-hour chart illustrates a support level at 78.10, which if violated will result in even more drops to 76.21. On the upside, there is a resistance level at 80.95. A further resistance level may holdings at 81.92.
