Robert Blumofe, chief technology officer at Akamai Technologies Inc (NASDAQ: AKAM), completed the sale of 3,500 shares of the company’s common stock on January 22, 2026. The shares were sold at $97.00 apiece, resulting in proceeds of $339,500.
Following the disposition, Blumofe directly retains 18,074 shares of Akamai common stock. He also maintains an indirect stake through a 401(k) plan amounting to 90.985 shares, as reflected in the filing.
The share sale was executed pursuant to a Rule 10b5-1 trading arrangement that Blumofe adopted on March 12, 2025. The transaction was disclosed to regulators in a Form 4 filing with the Securities and Exchange Commission.
Beyond the insider transaction, Akamai has been the subject of several notable analyst moves and corporate developments. Morgan Stanley upgraded Akamai’s rating from Underweight to Overweight and raised its price target to $115, citing what the firm called an important inflection point in Akamai’s business model that could support improved growth prospects. KeyBanc similarly raised its stance to Overweight with a $115 price target, pointing to possible revenue expansion stemming from Akamai’s compute business.
Scotiabank also increased its price objective to $105, emphasizing Akamai’s positioning within AI infrastructure, including references to the company’s partnership with NVIDIA and the launch of its Inference Cloud. In tandem with these analyst actions, Akamai announced a strategic collaboration with Visa focused on enhancing security in AI-enabled commerce, specifically around authenticating AI agents and securing transactions.
Additionally, Akamai reported that one of its cloud services has achieved FedRAMP High Ready status, indicating alignment with rigorous federal security requirements and potentially easing the pathway for cloud offerings to federal customers.
These items—insider activity, analyst upgrades, strategic partnerships, and security certifications—arrive close together and highlight the company’s recent focus on expanding its technical capabilities and market positioning in AI, compute and secure cloud services.