Akamai EVP of sales Joseph Paul C sells $327,453 in shares

Joseph Paul C, Executive Vice President of Global Sales at Akamai Technologies, sold 3,100 shares of the company's stock on September 15, 2026. The transaction, executed in accordance with a pre-existing Rule 10b5-1 trading plan, saw each share sold for $105.63, resulting in a total proceeds of $327,453. As of the sale, Akamai's stock price stood at $105.40, down 36% from its 52-week high of $165.45.

Despite this decline, the stock had increased by nearly 38% over the prior year. Following the sale, Mr. C personally holds 28,472 shares of Akamai common stock, along with 193.582 shares indirectly through a 401(k) Plan. According to InvestingPro analysis, the stock is considered overvalued relative to its intrinsic value, trading at a price-to-earnings ratio of 38.32.

In other news, Akamai reported strong second-quarter 2026 earnings that exceeded market expectations, delivering adjusted earnings of $1.59 per share on $1.1 billion in revenue. While revenue grew by 5% year-over-year, driven by demand for security products and cloud infrastructure services, there was a 6% decline in related revenue.

Analysts at JPMorgan upgraded Akamai's stock rating to Neutral, while D.A. Davidson maintained a Buy rating. HSBC, however, downgraded Akamai to Hold due to margin concerns.