Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) CTO Robert Blumofe sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $97.68, for a total value of $488,400.00. Following the sale, the chief technology officer now directly owns 19,725 shares in the company, valued at approximately $1,926,738. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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 $119.19, for a total value of $394,280.52.
- On Tuesday, March 8th, Robert Blumofe sold 8,000 shares of Akamai Technologies stock. The shares were sold at an average price of $109.15, for a total value of $873,200.00.
Shares of Akamai Technologies stock traded up $1.27 on Friday, hitting $98.67. 1,886,388 shares of the company traded hands, compared to its average volume of 1,718,197. The company has a 50-day moving average price of $114.12 and a 200 day moving average price of $112.33. The company has a quick ratio of 2.43, a current ratio of 1.68 and a debt-to-equity ratio of 0.53. Akamai Technologies, Inc. has a 12-month low of $93.74 and a 12-month high of $123.25. The company has a market cap of $15.82 billion, a PE ratio of 26.53, a PEG ratio of 1.87 and a beta of 0.60.
Several institutional investors have recently bought and sold shares of AKAM. Johnson Financial Group Inc. bought a new stake in Akamai Technologies in the fourth quarter worth $25,000. Newbridge Financial Services Group Inc. boosted its holdings in Akamai Technologies by 866.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 232 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 208 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Akamai Technologies in the fourth quarter worth $29,000. Karlinski Andrew C bought a new stake in Akamai Technologies in the first quarter worth $30,000. Finally, UMB Bank N A MO bought a new stake in Akamai Technologies in the fourth quarter worth $47,000. Institutional investors and hedge funds own 91.05% of the company’s stock.
Several research analysts have issued reports on the company. Piper Sandler dropped their price target on Akamai Technologies from $126.00 to $118.00 in a report on Wednesday, May 4th. Craig Hallum dropped their price target on Akamai Technologies from $120.00 to $90.00 in a report on Wednesday, May 4th. DA Davidson dropped their price target on Akamai Technologies from $143.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, March 23rd. Tigress Financial upped their price target on Akamai Technologies from $157.00 to $168.00 in a report on Wednesday, January 26th. Finally, Robert W. Baird cut Akamai Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $125.00 to $102.00 in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $127.50.
About Akamai Technologies (Get Rating)
Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications over the internet 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.
- Get a free copy of the StockNews.com research report on Akamai Technologies (AKAM)
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