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Aaron Ahola, the Executive Vice President and General Counsel of Akamai Technologies Inc . (NASDAQ:AKAM), recently sold a significant portion of the company’s stock. According to a filing with the Securities and Exchange Commission, Ahola sold 4,000 shares of Akamai common stock on March 14, 2025. The shares were sold at a weighted-average price of $80.92, resulting in a total transaction value of approximately $323,680. The transaction comes as Akamai’s stock has experienced a notable decline, with a -10.12% return over the past week.
The shares sold were held by the Aaron Ahola Revocable Trust, for which Ahola serves as the trustee. Following this transaction, Ahola retains ownership of 25,211 shares, which includes 2,930 shares he has elected to defer receipt of under the company’s Amended and Restated U.S. Non-Qualified Deferred Compensation Plan. According to InvestingPro analysis, Akamai appears undervalued at its current market price, with analysts setting a consensus high target of $136.32.
This transaction reflects Ahola’s continued involvement with Akamai Technologies, where he plays a crucial role as part of the executive leadership team. The company, currently valued at $12.13 billion, maintains strong profitability with a gross margin of 59.39% and trades at a P/E ratio of 24.19. For deeper insights into Akamai’s valuation and performance metrics, investors can access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Akamai Technologies has seen a series of notable developments. Guggenheim reiterated its Buy rating on Akamai, maintaining a price target of $133, following discussions with company executives. The firm emphasized Akamai’s growth potential in expanding its Content Delivery Network (CDN) services into Security and Cloud solutions. Meanwhile, S&P Global Ratings revised Akamai’s outlook to negative from stable due to increased leverage, although it affirmed the company’s ’BBB+’ rating. Akamai’s leverage rose to 1.8x at the end of 2024, surpassing the threshold set by S&P, due to increased debt levels and capital expenditures.
Additionally, Akamai’s CEO, F. Thomson Leighton, made a significant insider purchase, acquiring approximately $3 million of the company’s stock. This move is often interpreted as a vote of confidence in the company’s future prospects. In another corporate update, board member Bill Wagner resigned to take on a CEO role at Semrush Holdings, Inc., with Akamai clarifying that his departure was not due to disagreements with the company. Akamai has not yet announced a replacement for Wagner on the board. These developments reflect ongoing strategic shifts and financial maneuvers within Akamai Technologies.
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