Akamai Technologies, Inc. (NASDAQ:AKAM) CEO F Thomson Leighton Purchases 343 Shares

Akamai Technologies, Inc. (NASDAQ:AKAMGet Rating) CEO F Thomson Leighton acquired 343 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was acquired at an average price of $72.89 per share, with a total value of $25,001.27. Following the acquisition, the chief executive officer now owns 74,277 shares in the company, valued at $5,414,050.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

F Thomson Leighton also recently made the following trade(s):

  • On Wednesday, March 15th, F Thomson Leighton acquired 350 shares of Akamai Technologies stock. The stock was acquired at an average price of $71.53 per share, with a total value of $25,035.50.
  • On Monday, March 13th, F Thomson Leighton acquired 349 shares of Akamai Technologies stock. The stock was acquired at an average price of $71.78 per share, with a total value of $25,051.22.
  • On Thursday, March 9th, F Thomson Leighton acquired 336 shares of Akamai Technologies stock. The stock was acquired at an average price of $74.44 per share, with a total value of $25,011.84.
  • On Tuesday, March 7th, F Thomson Leighton acquired 333 shares of Akamai Technologies stock. The stock was acquired at an average price of $75.28 per share, with a total value of $25,068.24.
  • On Monday, February 27th, F Thomson Leighton purchased 342 shares of Akamai Technologies stock. The shares were purchased at an average price of $73.22 per share, with a total value of $25,041.24.
  • On Friday, February 24th, F Thomson Leighton purchased 337 shares of Akamai Technologies stock. The shares were purchased at an average price of $74.27 per share, with a total value of $25,028.99.
  • On Tuesday, February 21st, F Thomson Leighton purchased 325 shares of Akamai Technologies stock. The shares were purchased at an average price of $76.99 per share, with a total value of $25,021.75.
  • On Friday, February 10th, F Thomson Leighton purchased 290 shares of Akamai Technologies stock. The shares were purchased at an average price of $86.26 per share, with a total value of $25,015.40.
  • On Wednesday, February 8th, F Thomson Leighton purchased 284 shares of Akamai Technologies stock. The shares were purchased at an average price of $88.14 per share, with a total value of $25,031.76.
  • On Monday, February 6th, F Thomson Leighton purchased 282 shares of Akamai Technologies stock. The shares were purchased at an average price of $88.73 per share, with a total value of $25,021.86.

Akamai Technologies Stock Up 1.5 %

NASDAQ AKAM traded up $1.08 during mid-day trading on Friday, hitting $73.61. The company’s stock had a trading volume of 4,859,616 shares, compared to its average volume of 1,754,579. The company’s 50 day simple moving average is $81.68 and its 200 day simple moving average is $85.09. Akamai Technologies, Inc. has a twelve month low of $70.65 and a twelve month high of $123.25. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.68 and a beta of 0.78.

Akamai Technologies (NASDAQ:AKAMGet Rating) last posted its quarterly earnings results on Tuesday, February 14th. The technology infrastructure company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. Akamai Technologies had a net margin of 13.15% and a return on equity of 15.12%. The business had revenue of $927.78 million during the quarter, compared to the consensus estimate of $904.80 million. During the same quarter last year, the firm posted $1.26 EPS. Akamai Technologies’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Akamai Technologies, Inc. will post 4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

AKAM has been the subject of several analyst reports. Tigress Financial lowered their price target on shares of Akamai Technologies from $168.00 to $132.00 in a report on Wednesday, December 7th. StockNews.com assumed coverage on shares of Akamai Technologies in a research note on Thursday. They issued a “buy” rating for the company. Loop Capital lowered their price objective on shares of Akamai Technologies from $91.00 to $79.00 and set a “hold” rating for the company in a research note on Wednesday, March 1st. Guggenheim assumed coverage on shares of Akamai Technologies in a research note on Monday, January 23rd. They issued a “sell” rating and a $75.00 price objective for the company. Finally, Royal Bank of Canada lowered shares of Akamai Technologies from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $100.00 to $85.00 in a research note on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $100.63.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC boosted its holdings in Akamai Technologies by 103.3% during the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 127 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in Akamai Technologies by 73.7% during the 3rd quarter. Zions Bancorporation N.A. now owns 311 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 132 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Akamai Technologies during the 4th quarter worth $29,000. Newbridge Financial Services Group Inc. boosted its holdings in Akamai Technologies by 625.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 348 shares of the technology infrastructure company’s stock worth $29,000 after acquiring an additional 300 shares during the last quarter. Finally, General Partner Inc. purchased a new position in Akamai Technologies during the 4th quarter worth $31,000. 90.41% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

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