Akamai Technologies, Inc. (AKAM) Director Sells $1,096,627.50 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) Director Paul Sagan sold 18,666 shares of the business’s stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $58.75, for a total transaction of $1,096,627.50. Following the completion of the transaction, the director now owns 60,488 shares in the company, valued at $3,553,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paul Sagan also recently made the following trade(s):

  • On Tuesday, March 21st, Paul Sagan sold 18,667 shares of Akamai Technologies stock. The shares were sold at an average price of $64.66, for a total transaction of $1,207,008.22.

Akamai Technologies, Inc. (NASDAQ:AKAM) traded down 3.36% during trading on Wednesday, hitting $47.50. 4,037,600 shares of the company traded hands. Akamai Technologies, Inc. has a 52 week low of $47.46 and a 52 week high of $71.64. The stock has a market capitalization of $8.22 billion, a PE ratio of 25.96 and a beta of 0.95. The company’s 50 day moving average is $57.42 and its 200-day moving average is $63.94.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Tuesday, May 2nd. The technology infrastructure company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Akamai Technologies had a net margin of 13.51% and a return on equity of 11.45%. The company had revenue of $609.24 million for the quarter, compared to analysts’ expectations of $604.94 million. Analysts predict that Akamai Technologies, Inc. will post $2.56 earnings per share for the current year.

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

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A number of large investors have recently made changes to their positions in AKAM. Brown Advisory Securities LLC boosted its stake in shares of Akamai Technologies by 0.5% in the third quarter. Brown Advisory Securities LLC now owns 6,286 shares of the technology infrastructure company’s stock valued at $332,000 after buying an additional 29 shares in the last quarter. Cleararc Capital Inc. boosted its stake in shares of Akamai Technologies by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,248 shares of the technology infrastructure company’s stock valued at $254,000 after buying an additional 37 shares in the last quarter. Advantus Capital Management Inc boosted its stake in shares of Akamai Technologies by 0.4% in the first quarter. Advantus Capital Management Inc now owns 17,334 shares of the technology infrastructure company’s stock valued at $1,035,000 after buying an additional 75 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in shares of Akamai Technologies by 0.3% in the third quarter. Concert Wealth Management Inc. now owns 29,010 shares of the technology infrastructure company’s stock valued at $1,538,000 after buying an additional 91 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Akamai Technologies by 2.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,622 shares of the technology infrastructure company’s stock valued at $258,000 after buying an additional 99 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

A number of analysts recently commented on the stock. B. Riley restated a “buy” rating and set a $66.00 price target on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Robert W. Baird cut shares of Akamai Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $60.00 to $55.00 in a research note on Monday. SunTrust Banks, Inc. cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and upped their price target for the company from $54.00 to $82.00 in a research note on Wednesday, May 3rd. DA Davidson cut shares of Akamai Technologies from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research note on Wednesday, May 3rd. Finally, JMP Securities reiterated an “outperform” rating and issued a $75.00 target price (down from $77.00) on shares of Akamai Technologies in a research note on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. Akamai Technologies has an average rating of “Hold” and an average price target of $66.85.

Akamai Technologies Company Profile

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

5 Day Chart for NASDAQ:AKAM

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