Y.D. More Investments Ltd Sells 2,253 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Y.D. More Investments Ltd trimmed its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,085 shares of the technology infrastructure company’s stock after selling 2,253 shares during the quarter. Y.D. More Investments Ltd’s holdings in Akamai Technologies were worth $1,383,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Planned Solutions Inc. purchased a new stake in shares of Akamai Technologies in the fourth quarter valued at approximately $37,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Akamai Technologies during the fourth quarter worth $43,000. Bruce G. Allen Investments LLC purchased a new stake in Akamai Technologies during the fourth quarter worth $44,000. Headinvest LLC purchased a new stake in Akamai Technologies during the third quarter worth $40,000. Finally, Lindbrook Capital LLC lifted its holdings in Akamai Technologies by 43.7% during the fourth quarter. Lindbrook Capital LLC now owns 411 shares of the technology infrastructure company’s stock worth $49,000 after buying an additional 125 shares during the period. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Stock Performance

NASDAQ:AKAM traded down $0.04 during midday trading on Wednesday, reaching $100.89. The stock had a trading volume of 766,022 shares, compared to its average volume of 1,593,764. The firm has a fifty day simple moving average of $106.67 and a two-hundred day simple moving average of $112.24. Akamai Technologies, Inc. has a 12-month low of $76.85 and a 12-month high of $129.17. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77. The stock has a market cap of $15.29 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.87 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.10. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The firm had revenue of $995.00 million for the quarter, compared to analyst estimates of $999.09 million. During the same period last year, the firm posted $1.01 EPS. Akamai Technologies’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Akamai Technologies, Inc. will post 4.84 EPS for the current year.

Insider Activity

In other news, CMO Kim Salem-Jackson sold 2,600 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the transaction, the chief marketing officer now owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Akamai Technologies news, CMO Kim Salem-Jackson sold 2,600 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total value of $320,580.00. Following the transaction, the chief marketing officer now owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony P. Williams sold 3,510 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $112.55, for a total transaction of $395,050.50. Following the completion of the transaction, the executive vice president now directly owns 4,299 shares in the company, valued at approximately $483,852.45. The disclosure for this sale can be found here. Insiders sold 33,353 shares of company stock worth $3,688,883 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AKAM. Robert W. Baird raised Akamai Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $128.00 to $135.00 in a research report on Thursday, March 7th. Citigroup decreased their price objective on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Piper Sandler upped their price target on Akamai Technologies from $130.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. HSBC cut Akamai Technologies from a “hold” rating to a “reduce” rating and dropped their price objective for the company from $109.00 to $96.00 in a research note on Thursday, February 15th. Finally, KeyCorp raised their target price on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.60.

Akamai Technologies Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.