Akamai EVP of sales Joseph Paul C sells $327,453 in shares By Investing.com

Joseph Paul C, Executive Vice President of Global Sales at Akamai Technologies Inc. (), sold 3,100 shares of the company’s common stock on September 15, 2026. The shares were sold at a price of $105.63 per share, totaling $327,453. The stock currently trades at $105.40, down 36% from its 52-week high of $165.45, though it has gained nearly 38% over the past year.

The transaction was executed pursuant to a Rule 10b5-1 trading plan, which Mr. C adopted on March 4, 2026. Following this sale, Mr. C directly holds 28,472 shares of Akamai Technologies common stock. Additionally, he holds 193.582 shares indirectly through a 401(k) Plan. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, with shares trading at a P/E ratio of 38.32. Investors can access 7 additional ProTips and comprehensive financial metrics on the platform.

In other recent news, Akamai Technologies reported second-quarter 2026 earnings that surpassed Wall Street expectations, with adjusted earnings of $1.59 per share on revenue of $1.1 billion. Analysts had anticipated earnings of $1.58 per share on sales of $1.09 billion. Revenue rose 5% year-over-year, supported by robust demand for security products and significant growth in cloud infrastructure services. However, there was a decline in delivery and other cloud applications revenue, which fell 6% from the previous year. Akamai’s cloud infrastructure services revenue increased by 39% year-over-year, becoming a key growth driver. The company also secured a $600 million deal with a U.S. technology firm focused on robotics. In analyst updates, JPMorgan upgraded Akamai’s stock rating to Neutral, citing confidence in the company’s growth prospects, while D.A. Davidson maintained a Buy rating. Conversely, HSBC downgraded Akamai to Hold due to concerns over margins, despite the company’s revenue aligning with estimates.

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