Akamai Technologies, Inc. (NASDAQ:AKAM) SVP Aaron Ahola sold 4,543 shares of the firm’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $76.11, for a total transaction of $345,767.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Aaron Ahola also recently made the following trade(s):
- On Thursday, July 5th, Aaron Ahola sold 4,500 shares of Akamai Technologies stock. The stock was sold at an average price of $74.00, for a total transaction of $333,000.00.
Shares of NASDAQ:AKAM traded up $1.18 during trading on Thursday, hitting $77.67. 904,249 shares of the company’s stock were exchanged, compared to its average volume of 1,945,903. Akamai Technologies, Inc. has a 1-year low of $44.65 and a 1-year high of $83.08. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 2.14 and a beta of 0.60.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Monday, April 30th. The technology infrastructure company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. Akamai Technologies had a net margin of 7.46% and a return on equity of 10.04%. The company had revenue of $669.00 million during the quarter, compared to analysts’ expectations of $654.37 million. During the same quarter in the previous year, the company earned $0.69 EPS. Akamai Technologies’s revenue was up 11.5% on a year-over-year basis. sell-side analysts anticipate that Akamai Technologies, Inc. will post 2.46 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of AKAM. Element Capital Management LLC bought a new position in Akamai Technologies in the fourth quarter valued at approximately $24,754,000. Legal & General Group Plc lifted its stake in Akamai Technologies by 27.4% in the first quarter. Legal & General Group Plc now owns 1,068,324 shares of the technology infrastructure company’s stock valued at $75,815,000 after buying an additional 229,564 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Akamai Technologies by 1,242.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 205,179 shares of the technology infrastructure company’s stock valued at $14,563,000 after buying an additional 189,900 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Akamai Technologies in the first quarter valued at approximately $13,422,000. Finally, Numen Capital LLP bought a new position in Akamai Technologies in the first quarter valued at approximately $12,719,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
A number of equities analysts have recently commented on AKAM shares. FBN Securities raised their price objective on shares of Akamai Technologies to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, May 1st. DA Davidson set a $80.00 price objective on shares of Akamai Technologies and gave the stock a “hold” rating in a report on Tuesday, May 1st. Morgan Stanley raised their price objective on shares of Akamai Technologies from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 1st. SunTrust Banks raised their price objective on shares of Akamai Technologies to $78.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. Finally, KeyCorp raised shares of Akamai Technologies from an “underweight” rating to a “sector weight” rating and set a $57.00 price objective for the company in a report on Thursday, March 15th. Twelve investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Akamai Technologies presently has an average rating of “Buy” and a consensus target price of $75.07.
About Akamai Technologies
Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers Web and mobile performance solutions, such as Ion, a situational performance solution; Dynamic Site Accelerator that helps in consistent Website performance; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website; and Global Traffic Management, a fault-tolerant solution.
Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.