Akamai CEO F. Thomson Leighton buys $2.55M in stock

F. Thomson Leighton, Chief Executive Officer and director of Akamai Technologies Inc. (NASDAQ:AKAM), purchased 30,000 shares of common stock on November 13, 2026, worth approximately $2.55 million. The stock was trading near $85.40 at the time, down about 48% from its 52-week high of $165.45 and declining 45% over the past six months.

Management has been aggressively buying back shares, with the stock currently trading close to its Fair Value of $86.06. Leighton, who indirectly owns 2,559,963 shares held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust, saw his beneficial ownership increase after this transaction. He also indirectly holds 108,358 shares through the TBL Foundation and directly holds 97,975 shares.

Despite reporting strong third-quarter 2026 financial results, Akamai Technologies guided fourth-quarter 2026 revenue and non-GAAP earnings per share below market expectations. Analysts have adjusted their outlook on the company, with Evercore ISI downgrading the stock to In Line from Outperform, RBC Capital lowering its price target to $85, FBN Securities reducing it from $165 to $120, and Piper Sandler maintaining an Overweight rating.

KeyBanc reduced its price target to $175 but raised its estimates for the upcoming years, citing cloud multiple contraction.