F Thomson Leighton Buys 285 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAMGet Rating) CEO F Thomson Leighton bought 285 shares of the stock in a transaction on Monday, January 23rd. The stock was purchased at an average cost of $87.99 per share, with a total value of $25,077.15. Following the acquisition, the chief executive officer now owns 8,117 shares in the company, valued at $714,214.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

F Thomson Leighton also recently made the following trade(s):

  • On Thursday, January 19th, F Thomson Leighton bought 285 shares of Akamai Technologies stock. The shares were acquired at an average price of $87.88 per share, for a total transaction of $25,045.80.
  • On Tuesday, January 17th, F Thomson Leighton purchased 282 shares of Akamai Technologies stock. The shares were purchased at an average cost of $88.86 per share, for a total transaction of $25,058.52.
  • On Friday, January 13th, F Thomson Leighton acquired 283 shares of Akamai Technologies stock. The shares were purchased at an average cost of $88.50 per share, with a total value of $25,045.50.
  • On Wednesday, January 11th, F Thomson Leighton purchased 285 shares of Akamai Technologies stock. The stock was bought at an average cost of $87.96 per share, with a total value of $25,068.60.
  • On Thursday, January 5th, F Thomson Leighton acquired 293 shares of Akamai Technologies stock. The shares were acquired at an average cost of $85.50 per share, with a total value of $25,051.50.
  • On Tuesday, January 3rd, F Thomson Leighton purchased 295 shares of Akamai Technologies stock. The shares were purchased at an average price of $84.98 per share, for a total transaction of $25,069.10.
  • On Thursday, December 29th, F Thomson Leighton acquired 298 shares of Akamai Technologies stock. The stock was bought at an average price of $83.97 per share, for a total transaction of $25,023.06.
  • On Tuesday, December 27th, F Thomson Leighton acquired 302 shares of Akamai Technologies stock. The stock was bought at an average price of $83.03 per share, for a total transaction of $25,075.06.
  • On Monday, December 19th, F Thomson Leighton bought 294 shares of Akamai Technologies stock. The stock was purchased at an average cost of $85.07 per share, with a total value of $25,010.58.
  • On Friday, December 16th, F Thomson Leighton bought 294 shares of Akamai Technologies stock. The stock was purchased at an average cost of $85.11 per share, with a total value of $25,022.34.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $87.75 on Wednesday. The firm has a market cap of $13.80 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.65 and a beta of 0.74. The firm’s 50 day simple moving average is $88.17 and its 200-day simple moving average is $88.70. Akamai Technologies, Inc. has a one year low of $76.28 and a one year high of $123.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.25 and a current ratio of 2.25.

Akamai Technologies (NASDAQ:AKAMGet Rating) last issued its earnings results on Tuesday, November 8th. The technology infrastructure company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). The company had revenue of $881.90 million for the quarter, compared to analysts’ expectations of $875.99 million. Akamai Technologies had a return on equity of 16.00% and a net margin of 14.12%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. As a group, equities analysts predict that Akamai Technologies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

AKAM has been the subject of several research reports. DA Davidson dropped their price objective on shares of Akamai Technologies to $100.00 in a report on Tuesday, November 15th. Piper Sandler decreased their target price on shares of Akamai Technologies to $93.00 in a research report on Tuesday, November 15th. Morgan Stanley decreased their target price on shares of Akamai Technologies from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 9th. Robert W. Baird decreased their target price on shares of Akamai Technologies to $90.00 in a research report on Tuesday, November 15th. Finally, KeyCorp decreased their target price on shares of Akamai Technologies from $116.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.53.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AKAM. Fairfield Bush & CO. bought a new position in shares of Akamai Technologies during the first quarter valued at approximately $107,000. Private Advisor Group LLC boosted its stake in shares of Akamai Technologies by 16.0% during the first quarter. Private Advisor Group LLC now owns 4,491 shares of the technology infrastructure company’s stock valued at $536,000 after purchasing an additional 620 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Akamai Technologies by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,740 shares of the technology infrastructure company’s stock valued at $2,596,000 after purchasing an additional 1,346 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Akamai Technologies by 2.3% during the first quarter. Cibc World Market Inc. now owns 10,741 shares of the technology infrastructure company’s stock valued at $1,282,000 after purchasing an additional 237 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Akamai Technologies by 48.7% during the first quarter. Cetera Investment Advisers now owns 2,789 shares of the technology infrastructure company’s stock valued at $333,000 after purchasing an additional 914 shares in the last quarter. 90.41% of the stock is currently owned by institutional investors.

About Akamai Technologies

(Get Rating)

Akamai Technologies, Inc engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.

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

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