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Joseph Paul C, the Executive Vice President of Global Sales at Akamai Technologies Inc . (NASDAQ:AKAM), a $12.3 billion market cap company currently rated as FAIR by InvestingPro’s comprehensive analysis, recently sold 4,000 shares of the company’s common stock. The transaction, which took place on March 18, 2025, was executed at a price of $83.37 per share, amounting to a total value of $333,480. Following the sale, Joseph Paul C retains direct ownership of 37,217 shares in the company. The stock has struggled recently, down 23% over the past year, though analysis suggests it may be undervalued at current levels.
This sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted by Joseph Paul C on May 19, 2024. Additionally, he holds 64,807 shares indirectly through a 401(k) plan, as of March 4, 2025. Get deeper insights into insider transactions and 12+ additional ProTips with InvestingPro’s comprehensive research reports.
In other recent news, Akamai Technologies reported several significant developments. S&P Global Ratings revised Akamai’s outlook to negative from stable, citing increased leverage due to higher debt levels, acquisitions, and capital expenditures. Despite this, the company’s ’BBB+’ rating remains affirmed. Meanwhile, Guggenheim reiterated its Buy rating for Akamai with a price target of $133, expressing confidence in the company’s growth strategy in the Security and Cloud sectors. The firm noted Akamai’s potential to enhance its core Content Delivery Network (CDN) business through these new offerings.
Additionally, Akamai’s CEO, F. Thomson Leighton, made headlines by purchasing approximately $3 million of the company’s stock, signaling a strong vote of confidence in the firm’s prospects. This insider purchase was disclosed in a recent SEC filing, indicating transparency and investor interest. In corporate governance news, Akamai announced the resignation of board member Bill Wagner, who stepped down to assume a CEO role at Semrush Holdings. The company clarified that Wagner’s departure was not due to any disagreements with its operations or policies. These developments continue to shape investor perceptions of Akamai’s strategic direction and financial health.
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