Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the completion of the transaction, the executive vice president now directly owns 25,211 shares of the company’s stock, valued at approximately $2,040,074.12. The trade was a 13.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Akamai Technologies Stock Up 2.6 %
Shares of Akamai Technologies stock opened at $80.73 on Monday. The stock’s 50-day moving average is $91.62 and its 200 day moving average is $95.88. Akamai Technologies, Inc. has a one year low of $75.50 and a one year high of $110.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.74 and a beta of 0.68.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.
Analyst Ratings Changes
View Our Latest Report on AKAM
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in Akamai Technologies by 15.6% during the 4th quarter. First Trust Advisors LP now owns 5,116,398 shares of the technology infrastructure company’s stock worth $489,383,000 after buying an additional 690,341 shares during the period. Norges Bank acquired a new position in Akamai Technologies during the 4th quarter worth approximately $477,454,000. Geode Capital Management LLC raised its stake in shares of Akamai Technologies by 5.1% in the third quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock worth $423,066,000 after purchasing an additional 202,746 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Akamai Technologies by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,427,580 shares of the technology infrastructure company’s stock worth $232,198,000 after purchasing an additional 81,744 shares during the last quarter. Finally, Earnest Partners LLC raised its stake in shares of Akamai Technologies by 2.7% in the fourth quarter. Earnest Partners LLC now owns 2,215,735 shares of the technology infrastructure company’s stock worth $211,935,000 after purchasing an additional 58,013 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.
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.
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