William Raymond Wagner Sells 1,000 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) Director William Raymond Wagner sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total transaction of $93,380.00. Following the transaction, the director now owns 15,719 shares of the company’s stock, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Akamai Technologies Price Performance

Shares of AKAM stock traded up $0.76 on Wednesday, reaching $93.86. The company’s stock had a trading volume of 1,540,881 shares, compared to its average volume of 1,678,086. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. Akamai Technologies, Inc. has a 1 year low of $84.70 and a 1 year high of $129.17. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $98.91 and its 200-day simple moving average is $96.27.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $110.00 to $125.00 in a report on Friday, August 9th. Hsbc Global Res raised Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Tigress Financial restated a “strong-buy” rating and set a $140.00 target price on shares of Akamai Technologies in a research note on Thursday, August 29th. DA Davidson reiterated a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research report on Friday, August 9th. Finally, Scotiabank cut their price target on Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.47.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in shares of Akamai Technologies in the 1st quarter worth approximately $31,000. Janus Henderson Group PLC increased its stake in Akamai Technologies by 19.6% during the 1st quarter. Janus Henderson Group PLC now owns 41,034 shares of the technology infrastructure company’s stock valued at $4,462,000 after purchasing an additional 6,724 shares in the last quarter. California State Teachers Retirement System raised its stake in Akamai Technologies by 1.9% in the 1st quarter. California State Teachers Retirement System now owns 254,130 shares of the technology infrastructure company’s stock worth $27,639,000 after acquiring an additional 4,753 shares during the last quarter. Tidal Investments LLC boosted its position in Akamai Technologies by 180.8% in the first quarter. Tidal Investments LLC now owns 37,566 shares of the technology infrastructure company’s stock valued at $4,086,000 after buying an additional 24,189 shares during the last quarter. Finally, Garner Asset Management Corp increased its stake in shares of Akamai Technologies by 13.5% in the first quarter. Garner Asset Management Corp now owns 2,062 shares of the technology infrastructure company’s stock worth $224,000 after acquiring an additional 245 shares during the period. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Company 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.