Aaron Ahola Sells 1,500 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Aaron Ahola sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, January 14th. The stock was sold at an average price of $112.52, for a total value of $168,780.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NASDAQ:AKAM opened at $112.62 on Friday. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.43. Akamai Technologies, Inc. has a fifty-two week low of $92.64 and a fifty-two week high of $124.91. The firm has a 50-day simple moving average of $113.22 and a 200 day simple moving average of $112.39. The company has a market cap of $18.30 billion, a PE ratio of 30.94, a P/E/G ratio of 1.95 and a beta of 0.54.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, November 2nd. The technology infrastructure company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $860.33 million during the quarter, compared to the consensus estimate of $852.50 million. Akamai Technologies had a net margin of 17.77% and a return on equity of 16.98%. During the same quarter in the prior year, the firm earned $1.11 EPS. As a group, research analysts forecast that Akamai Technologies, Inc. will post 4.57 EPS for the current fiscal year.

Akamai Technologies declared that its board has initiated a share repurchase plan on Tuesday, November 2nd that permits the company to buyback $1.80 billion in shares. This buyback authorization permits the technology infrastructure company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

AKAM has been the topic of a number of recent research reports. Royal Bank of Canada initiated coverage on Akamai Technologies in a research report on Thursday, October 14th. They set an “outperform” rating and a $140.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of Akamai Technologies in a research note on Wednesday, November 3rd. JPMorgan Chase & Co. downgraded shares of Akamai Technologies from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research note on Tuesday, December 14th. Oppenheimer downgraded shares of Akamai Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, November 15th. Finally, Piper Sandler cut shares of Akamai Technologies from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $133.00 to $127.00 in a report on Wednesday, January 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Akamai Technologies currently has a consensus rating of “Hold” and an average target price of $128.83.

Institutional investors have recently bought and sold shares of the business. Huntington National Bank boosted its stake in Akamai Technologies by 294.1% during the 3rd quarter. Huntington National Bank now owns 268 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. FinTrust Capital Advisors LLC boosted its stake in Akamai Technologies by 896.3% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 269 shares of the technology infrastructure company’s stock valued at $31,000 after purchasing an additional 242 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Akamai Technologies by 38.3% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 509 shares of the technology infrastructure company’s stock valued at $59,000 after purchasing an additional 141 shares during the period. JJJ Advisors Inc. boosted its stake in Akamai Technologies by 35.0% during the 3rd quarter. JJJ Advisors Inc. now owns 567 shares of the technology infrastructure company’s stock valued at $59,000 after purchasing an additional 147 shares during the period. Finally, Berman Capital Advisors LLC boosted its stake in Akamai Technologies by 35.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 617 shares of the technology infrastructure company’s stock valued at $71,000 after purchasing an additional 160 shares during the period. 88.60% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.

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