Insider Selling: Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Sells 16,059 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAMGet Rating) EVP Mani Sundaram sold 16,059 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $117.92, for a total transaction of $1,893,677.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:AKAM opened at $118.01 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market cap of $18.99 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. Akamai Technologies, Inc. has a 52 week low of $96.86 and a 52 week high of $122.01. The firm has a 50 day simple moving average of $112.61 and a 200 day simple moving average of $111.37.

Akamai Technologies (NASDAQ:AKAMGet Rating) last issued its quarterly earnings results on Tuesday, February 15th. The technology infrastructure company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.12. The business had revenue of $905.36 million during the quarter, compared to the consensus estimate of $898.83 million. Akamai Technologies had a net margin of 18.83% and a return on equity of 17.37%. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, equities analysts predict that Akamai Technologies, Inc. will post 4.8 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Johnson Financial Group Inc. purchased a new stake in shares of Akamai Technologies in the 4th quarter valued at approximately $25,000. Huntington National Bank lifted its position in Akamai Technologies by 294.1% in the 3rd quarter. Huntington National Bank now owns 268 shares of the technology infrastructure company’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in Akamai Technologies by 866.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 232 shares of the technology infrastructure company’s stock worth $27,000 after buying an additional 208 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Akamai Technologies in the 4th quarter worth approximately $29,000. Finally, UMB Bank N A MO purchased a new stake in Akamai Technologies in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 89.58% of the company’s stock.

Several research firms have recently issued reports on AKAM. DA Davidson decreased their price objective on shares of Akamai Technologies from $143.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, March 23rd. StockNews.com began coverage on shares of Akamai Technologies in a report on Thursday, March 31st. They issued a “buy” rating for the company. Piper Sandler cut shares of Akamai Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $127.00 in a report on Wednesday, January 5th. William Blair restated an “outperform” rating on shares of Akamai Technologies in a report on Tuesday, February 15th. Finally, Raymond James reduced their target price on shares of Akamai Technologies from $128.00 to $118.00 and set an “outperform” rating for the company in a report on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $132.55.

About Akamai Technologies (Get Rating)

Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications over the internet 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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