Akamai Technologies Inc. (NASDAQ:AKAM) disclosed that its Chief Executive Officer and director, F. Thomson Leighton, acquired 30,000 shares of common stock on November 13, 2026. The transaction was valued at approximately $2.55 million, according to the filing.
The purchase took place as Akamai's stock trades near $85.40, a level roughly 48% below its 52-week high of $165.45. Over the past six months, the shares have declined 45%. According to an analysis, management has been aggressively buying back shares, and the stock is currently trading close to its Fair Value of $86.06.
The shares were purchased at a weighted-average price of $85.08, with individual prices ranging from $84.69 to $85.55 per share.
Following this transaction, Mr. Leighton's beneficial ownership includes 2,559,963 shares held indirectly by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust, of which he serves as a trustee. These indirect holdings include 10,481 shares received from a distribution from the David T. Leighton trust. Mr. Leighton disclaims beneficial ownership of shares held by the revocable trust except to the extent of his pecuniary interest. Additionally, he indirectly holds 108,358 shares through the TBL Foundation, where he also serves as a trustee, and directly holds 97,975 shares.
For deeper insights into Akamai's valuation and performance, additional exclusive tips and comprehensive research reports are available covering over 1,400 US equities.
What had investors expected from Akamai before the CEO's purchase? How does AKAM's valuation compare with its peers?
In other recent news, Akamai Technologies reported its third-quarter 2026 financial results, surpassing consensus estimates for both revenue and non-GAAP earnings per share. Despite this positive performance, the company has guided fourth-quarter 2026 revenue and non-GAAP earnings per share below market expectations, with revenue forecasted to be 3.5% below consensus and earnings roughly 10% lower. The company's compute and infrastructure services backlog has grown significantly, reaching over $14 billion in multiyear commitments.
Several analyst firms have adjusted their outlook on Akamai. Evercore ISI downgraded the stock to In Line from Outperform, citing financing concerns and a complex investment cycle. RBC Capital cut its price target to $85 due to supply issues while maintaining a Sector Perform rating. FBN Securities also lowered its price target from $165 to $120, maintaining an Outperform rating, due to a reduced near-term outlook. Meanwhile, Piper Sandler reiterated an Overweight rating, noting delays in the company's CIS targets and a cautious approach to future targets. KeyBanc reduced its price target to $175, citing cloud multiple contraction but raised its estimates for the upcoming years.
The stock closed at $85.40 on November 13, down 1.34% for the day. In after-hours trading, shares rose 1.08% to $86.32.