Rick M. Mcconnell Sells 2,264 Shares of Akamai Technologies, Inc. (AKAM) Stock
Akamai Technologies, Inc. (NASDAQ:AKAM) insider Rick M. Mcconnell sold 2,264 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $72.00, for a total transaction of $163,008.00. Following the transaction, the insider now owns 24,269 shares of the company’s stock, valued at $1,747,368. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NASDAQ AKAM opened at $72.47 on Friday. Akamai Technologies, Inc. has a 52-week low of $57.18 and a 52-week high of $83.08. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.27. The firm has a market cap of $11.83 billion, a PE ratio of 26.26, a P/E/G ratio of 1.58 and a beta of 0.56.
Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Tuesday, February 12th. The technology infrastructure company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.07. The company had revenue of $713.36 million during the quarter, compared to the consensus estimate of $703.74 million. Akamai Technologies had a net margin of 10.99% and a return on equity of 13.81%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities analysts expect that Akamai Technologies, Inc. will post 3.11 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Focused Wealth Management Inc bought a new stake in Akamai Technologies in the fourth quarter worth $29,000. Oregon Public Employees Retirement Fund lifted its stake in Akamai Technologies by 5,021.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,029,933 shares of the technology infrastructure company’s stock worth $33,000 after purchasing an additional 1,990,300 shares during the last quarter. Private Capital Group LLC raised its stake in shares of Akamai Technologies by 148.5% during the fourth quarter. Private Capital Group LLC now owns 661 shares of the technology infrastructure company’s stock valued at $40,000 after acquiring an additional 395 shares during the last quarter. Fort L.P. bought a new position in shares of Akamai Technologies during the fourth quarter valued at about $82,000. Finally, Captrust Financial Advisors raised its stake in shares of Akamai Technologies by 394.2% during the third quarter. Captrust Financial Advisors now owns 1,448 shares of the technology infrastructure company’s stock valued at $106,000 after acquiring an additional 1,155 shares during the last quarter. 87.88% of the stock is owned by institutional investors and hedge funds.
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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. 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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