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Akamai Technologies (NASDAQ:AKAM) was the recipient of unusually large options trading activity on Monday. Stock investors bought 12,663 call options on the stock, American Banking & Market News reports. This is an increase of approximately 435% compared to the average daily volume of 2,365 call options.

In other Akamai Technologies news, Insider Rick M. Mcconnell sold 7,382 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.00, for a total value of $406,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on AKAM. Analysts at B. Riley reiterated a “buy” rating on shares of Akamai Technologies in a research note on Wednesday, May 14th. They now have a $68.00 price target on the stock. Separately, analysts at Pacific Crest upgraded shares of Akamai Technologies from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $65.00 price target on the stock, up previously from $53.30. Finally, analysts at Macquarie raised their price target on shares of Akamai Technologies from $56.00 to $59.00 in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.14.

Akamai Technologies (NASDAQ:AKAM) traded up 2.40% on Monday, hitting $60.25. The stock had a trading volume of 3,429,677 shares. Akamai Technologies has a 52 week low of $40.08 and a 52 week high of $63.15. The stock’s 50-day moving average is $54.31 and its 200-day moving average is $53.20. The company has a market cap of $10.725 billion and a price-to-earnings ratio of 36.32.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.04. The company had revenue of $454.00 million for the quarter, compared to the consensus estimate of $440.43 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Analysts expect that Akamai Technologies will post $2.29 EPS for the current fiscal year.

Akamai Technologies, Inc (NASDAQ:AKAM) provides content delivery and cloud infrastructure services for the delivery of content and applications over the Internet.

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