Insider Selling: Akamai Technologies, Inc. (AKAM) CFO Sells 5,520 Shares of Stock
Akamai Technologies, Inc. (NASDAQ:AKAM) CFO Edward J. Mcgowan sold 5,520 shares of Akamai Technologies stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $72.40, for a total transaction of $399,648.00. Following the completion of the transaction, the chief financial officer now owns 15,134 shares in the company, valued at $1,095,701.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NASDAQ AKAM opened at $72.47 on Friday. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.58 and a beta of 0.56. Akamai Technologies, Inc. has a one year low of $57.18 and a one year high of $83.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.09 and a current ratio of 2.09.
Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, February 12th. The technology infrastructure company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $713.36 million for the quarter, compared to analyst estimates of $703.74 million. Akamai Technologies had a net margin of 10.99% and a return on equity of 13.81%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Analysts forecast that Akamai Technologies, Inc. will post 3.11 EPS for the current year.
A number of equities analysts recently weighed in on AKAM shares. Morgan Stanley upgraded shares of Akamai Technologies from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $82.00 to $79.00 in a research report on Tuesday, January 15th. Craig Hallum lowered their price objective on shares of Akamai Technologies from $91.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, January 9th. Zacks Investment Research lowered shares of Akamai Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Piper Jaffray Companies decreased their target price on shares of Akamai Technologies to $84.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Finally, BidaskClub upgraded shares of Akamai Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $81.63.
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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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