Akamai Technologies logoAkamai Technologies, Inc. CTO Robert Blumofe sold 5,000 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of US$97.68, for a total value of US$488,400.00. Following the completion of the transaction, the chief technology officer now owns 19,725 shares of the company’s stock, valued at US$1,926,738. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Robert Blumofe also recently made the following trade(s):
On Friday, April 8th, Robert Blumofe sold 3,308 shares of Akamai Technologies stock. The stock was sold at an average price of US$119.19, for a total value of US$394,280.52.
On Tuesday, March 8th, Robert Blumofe sold 8,000 shares of Akamai Technologies stock. The stock was sold at an average price of US$109.15, for a total value of US$873,200.00.
Shares of NASDAQ AKAM opened at US$98.67 on Friday. The stock has a market cap of US$15.82 billion, a P/E ratio of 26.52, a PEG ratio of 1.89 and a beta of 0.60. The company has a current ratio of 1.68, a quick ratio of 2.43 and a debt-to-equity ratio of 0.53. Akamai Technologies, Inc. has a 12-month low of US$93.74 and a 12-month high of US$123.25. The business’s fifty day simple moving average is US$113.55 and its 200-day simple moving average is US$112.20.
Akamai Technologies last posted its quarterly earnings results on Tuesday, May 3rd. The technology infrastructure company reported US$1.12 earnings per share for the quarter, missing analysts’ consensus estimates of US$1.13 by (US$0.01). Akamai Technologies had a net margin of 17.46 per cent and a return on equity of 17.42 per cent. The business had revenue of US$903.65 million during the quarter, compared to analyst estimates of US$904.89 million. During the same quarter in the prior year, the business earned US$1.10 earnings per share. The firm’s quarterly revenue was up 7.2 per cent on a year-over-year basis. On average, equities analysts forecast that Akamai Technologies, Inc. will post 4.32 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Johnson Financial Group Inc. acquired a new stake in Akamai Technologies in the fourth quarter valued at US$25,000. Newbridge Financial Services Group Inc. raised its stake in Akamai Technologies by 866.7 per cent in the fourth quarter. Newbridge Financial Services Group Inc. now owns 232 shares of the technology infrastructure company’s stock valued at US$27,000 after buying an additional 208 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Akamai Technologies in the fourth quarter valued at US$29,000. Karlinski Andrew C acquired a new stake in shares of Akamai Technologies during the first quarter worth about US$30,000. Finally, Ancora Advisors LLC increased its position in shares of Akamai Technologies by 103.3 per cent during the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth US$25,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 91.05 per cent of the company’s stock.
Several research firms have recently commented on AKAM. Craig Hallum lowered their price target on Akamai Technologies from US$120.00 to US$90.00 in a research report on Wednesday, May 4th. DA Davidson lowered their price target on Akamai Technologies from US$143.00 to US$130.00 and set a “buy” rating for the company in a research report on Wednesday, March 23rd. Raymond James lowered their price target on Akamai Technologies from US$118.00 to US$115.00 in a research report on Wednesday, May 4th. Tigress Financial raised their price target on Akamai Technologies from US$157.00 to US$168.00 in a research report on Wednesday, January 26th. Finally, Morgan Stanley lowered their price target on Akamai Technologies from US$130.00 to US$118.00 in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and an average price target of US$127.50.https://www.etfdailynews.com
