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Akamai Technologies (NASDAQ:AKAM) Insider Rick M. Mcconnell unloaded 2,500 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $150,000.00. Following the transaction, the insider now directly owns 17,310 shares in the company, valued at approximately $1,038,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Akamai Technologies in a research note on Thursday, July 31st. They now have a $50.00 price target on the stock, up previously from $47.50. Analysts at Macquarie upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $70.00 price target on the stock, up previously from $59.00. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.88.

Shares of Akamai Technologies (NASDAQ:AKAM) traded up 0.31% on Tuesday, hitting $60.89. 880,080 shares of the company’s stock traded hands. Akamai Technologies has a one year low of $43.74 and a one year high of $63.15. The stock has a 50-day moving average of $59.27 and a 200-day moving average of $57.55. The company has a market cap of $10.848 billion and a P/E ratio of 36.13.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.03. The company had revenue of $476.00 million for the quarter, compared to the consensus estimate of $472.90 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. Analysts expect that Akamai Technologies will post $2.34 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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