Kim Salem-Jackson sells 2,736 shares of Akamai Technologies, Inc. (NASDAQ: AKAM)
Akamai Technologies, Inc. (NASDAQ: AKAM) CMO Kim Salem-Jackson sold 2,736 shares of the company in a trade that took place on Thursday, December 16. The stock was sold for an average price of $ 116.67, for a total trade of $ 319,209.12. The sale was disclosed in a document filed with the SEC, which can be accessed via this link.
AKAM action traded down $ 1.48 during Friday’s midday session, reaching $ 115.35. 2,354,407 shares of the company were traded, for an average volume of 1,524,413. The company has a 50-day moving average price of $ 109.33 and a two-hundred-day moving average price of $ 112.56 . The company has a market cap of $ 18.74 billion, a price / earnings ratio of 31.69, a price / earnings-growth ratio of 2.06, and a beta of 0.54. Akamai Technologies, Inc. has a one-year low of $ 92.64 and a one-year high of $ 124.91. The company has a leverage ratio of 0.43, a current ratio of 3.78 and a quick ratio of 3.78.
Akamai Technologies (NASDAQ: AKAM) last reported its results on Tuesday, November 2. The tech infrastructure company reported earnings per share (EPS) of $ 1.45 for the quarter, beating the Zacks consensus estimate of $ 1.39 by $ 0.06. Akamai Technologies had a net margin of 17.77% and a return on equity of 16.98%. During the same period of the previous year, the company made a profit of $ 1.11 per share. As a group, analysts expect Akamai Technologies, Inc. to post earnings per share of 4.57 for the current fiscal year.
Akamai Technologies announced that its board of directors on Tuesday (November 2) launched a share buyback plan allowing the company to buy back $ 1.80 billion in shares. This buyback authorization allows the technology infrastructure company to buy back up to 10% of its shares through open market purchases. Share repurchase plans usually indicate that the board of directors of the company considers its shares to be undervalued.
Several analysts have commented on AKAM shares. JPMorgan Chase & Co. downgraded Akamai Technologies’ stock rating from “neutral” to “underweight” and set a target price of $ 120.00 for the stock. in a report Tuesday. Needham & Company LLC reaffirmed Akamai Technologies’ hold rating in a report released on Wednesday, November 3. Oppenheimer downgraded Akamai Technologies shares from an âoutperformanceâ rating to a âmarket performanceâ rating in a report released on Monday, November 15. The Royal Bank of Canada began hedging Akamai Technologies shares in a report on Thursday, October 14. They issued an “outperformance” rating and a target price of $ 140.00 on the stock. Finally, Morgan Stanley raised its price target for Akamai Technologies shares from $ 119.00 to $ 130.00 and gave the stock an “equal weight” rating in a report released on Wednesday, November 3. A stock research analyst rated the stock with a sell rating, six assigned a conservation rating, and eight assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of âHoldâ and a consensus target price of $ 128.00.
Institutional investors have recently changed their positions in the company. Huntington National Bank increased its position in shares of Akamai Technologies by 294.1% in the third quarter. Huntington National Bank now owns 268 shares of the tech infrastructure company valued at $ 27,000 after acquiring 200 more shares during the period. FinTrust Capital Advisors LLC increased its position in Akamai Technologies shares by 896.3% in the second quarter. FinTrust Capital Advisors LLC now owns 269 shares of the tech infrastructure company valued at $ 31,000 after acquiring an additional 242 shares during the period. Deseret Mutual Benefit Administrators acquired a new position in Akamai Technologies in the second quarter, valued at approximately $ 41,000. O Shaughnessy Asset Management LLC increased its stake in Akamai Technologies by 38.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 509 shares of the tech infrastructure company valued at $ 59,000 after buying 141 more shares in the last quarter. Finally, JJJ Advisors Inc. increased its stake in Akamai Technologies by 35.0% in the third quarter. JJJ Advisors Inc. now owns 567 shares of the tech infrastructure company valued at $ 59,000 after buying 147 more shares in the last quarter. 90.13% of the shares are held by institutional investors.
Akamai Technologies Company Profile
Akamai Technologies, Inc is committed to providing cloud services for the delivery, optimization and security of content and business applications over the Internet. Its products include security, web performance, media streaming, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.
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