Akamai Technologies, Inc. (AKAM) CFO Sells $173,990.60 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CFO Edward J. Mcgowan sold 2,170 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.18, for a total value of $173,990.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Akamai Technologies stock opened at $80.03 on Friday. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.74 and a beta of 0.60. Akamai Technologies, Inc. has a 52-week low of $57.18 and a 52-week high of $86.19. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.27.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, April 30th. The technology infrastructure company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $706.51 million for the quarter, compared to analysts’ expectations of $698.33 million. Akamai Technologies had a return on equity of 15.31% and a net margin of 12.78%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. As a group, sell-side analysts forecast that Akamai Technologies, Inc. will post 3.13 EPS for the current year.

Several institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of Akamai Technologies in the 1st quarter worth $29,000. Focused Wealth Management Inc bought a new position in shares of Akamai Technologies in the 4th quarter worth $29,000. Liberty Wealth Management LLC bought a new position in shares of Akamai Technologies in the 4th quarter worth $32,000. Private Capital Group LLC lifted its holdings in shares of Akamai Technologies by 148.5% in the 4th quarter. Private Capital Group LLC now owns 661 shares of the technology infrastructure company’s stock worth $40,000 after purchasing an additional 395 shares in the last quarter. Finally, Horan Capital Advisors LLC. bought a new position in shares of Akamai Technologies in the 1st quarter worth $57,000. Hedge funds and other institutional investors own 88.44% of the company’s stock.

AKAM has been the subject of a number of recent analyst reports. Piper Jaffray Companies decreased their target price on shares of Akamai Technologies to $84.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Zacks Investment Research downgraded shares of Akamai Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Craig Hallum decreased their target price on shares of Akamai Technologies from $91.00 to $82.00 and set a “buy” rating for the company in a research report on Wednesday, January 9th. Morgan Stanley raised shares of Akamai Technologies from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $82.00 to $79.00 in a research report on Tuesday, January 15th. Finally, BidaskClub raised shares of Akamai Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $82.47.

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Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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

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