Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Sells $489,285.00 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAMGet Free Report) EVP Anthony P. Williams sold 4,500 shares of Akamai Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $108.73, for a total transaction of $489,285.00. Following the transaction, the executive vice president now directly owns 14,938 shares in the company, valued at $1,624,208.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Akamai Technologies Stock Down 1.6 %

Shares of NASDAQ:AKAM opened at $107.25 on Friday. The company has a market capitalization of $16.25 billion, a PE ratio of 30.38, a P/E/G ratio of 3.09 and a beta of 0.72. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77. Akamai Technologies, Inc. has a twelve month low of $71.36 and a twelve month high of $129.17. The firm has a 50 day simple moving average of $116.33 and a 200-day simple moving average of $112.33.

Akamai Technologies (NASDAQ:AKAMGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.10. The business had revenue of $995.00 million during the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, equities analysts predict that Akamai Technologies, Inc. will post 4.84 EPS for the current fiscal year.

Institutional Trading of Akamai Technologies

Several institutional investors have recently modified their holdings of AKAM. Raymond James Financial Services Advisors Inc. raised its position in Akamai Technologies by 0.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 34,816 shares of the technology infrastructure company’s stock valued at $4,120,000 after purchasing an additional 97 shares during the last quarter. Manchester Capital Management LLC raised its position in Akamai Technologies by 6.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,622 shares of the technology infrastructure company’s stock valued at $192,000 after purchasing an additional 97 shares during the last quarter. ORG Partners LLC raised its position in Akamai Technologies by 16.7% in the 4th quarter. ORG Partners LLC now owns 700 shares of the technology infrastructure company’s stock valued at $83,000 after purchasing an additional 100 shares during the last quarter. Private Trust Co. NA raised its position in Akamai Technologies by 17.9% in the 4th quarter. Private Trust Co. NA now owns 711 shares of the technology infrastructure company’s stock valued at $84,000 after purchasing an additional 108 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Akamai Technologies by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,625 shares of the technology infrastructure company’s stock valued at $1,968,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 91.40% of the company’s stock.

Analysts Set New Price Targets

AKAM has been the subject of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Akamai Technologies in a research report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Robert W. Baird upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $128.00 to $135.00 in a research report on Thursday, March 7th. Finally, StockNews.com upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.50.

Read Our Latest Stock Report on AKAM

Akamai Technologies Company Profile

(Get Free Report)

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.

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Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

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