Hedge funds are buying these two big tech stocks while selling two rivals
Akamai Technologies (NASDAQ:AKAM) Chief Technology Officer Robert Blumofe sold 3,500 shares of company stock on November 7, 2025, at a price of $86.0, for a total transaction value of $301,000.
Following the transaction, Blumofe directly owns 24,410 shares of Akamai Technologies. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025. Blumofe also indirectly owns 64.184 shares through a 401(k) plan.
In other recent news, Akamai Technologies reported impressive third-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.86, exceeding the forecasted $1.64. This represents a 13.41% surprise in earnings. Akamai also reported revenue of $1.06 billion, which was higher than the anticipated $1.04 billion. These results indicate strong performance during the quarter. Additionally, following the earnings announcement, investor confidence appeared to be bolstered. Analyst firms have taken note of these developments, though specific upgrades or downgrades were not mentioned. These recent developments highlight Akamai’s financial success and market position.
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