Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Aaron Ahola Sells 4,000 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the sale, the executive vice president now owns 25,211 shares in the company, valued at $2,040,074.12. This trade represents a 13.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $80.73 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.74 and a beta of 0.68. Akamai Technologies, Inc. has a 1-year low of $75.50 and a 1-year high of $110.18. The firm’s 50-day moving average price is $91.62 and its two-hundred day moving average price is $95.95.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, equities analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AKAM has been the topic of a number of research analyst reports. Raymond James reduced their target price on Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Craig Hallum downgraded Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Friday, February 21st. Piper Sandler cut Akamai Technologies from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $112.00 to $100.00 in a report on Friday, February 21st. Bank of America cut Akamai Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $125.00 to $100.00 in a report on Friday, February 21st. Finally, Royal Bank of Canada cut their target price on shares of Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Akamai Technologies has an average rating of “Moderate Buy” and an average price target of $107.55.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. TCTC Holdings LLC raised its holdings in Akamai Technologies by 17.0% in the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company’s stock worth $67,000 after purchasing an additional 102 shares during the period. Empirical Finance LLC raised its holdings in Akamai Technologies by 2.0% in the third quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company’s stock worth $538,000 after purchasing an additional 103 shares during the period. Van ECK Associates Corp raised its holdings in Akamai Technologies by 6.1% in the third quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company’s stock worth $189,000 after purchasing an additional 105 shares during the period. Farther Finance Advisors LLC raised its holdings in Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after purchasing an additional 114 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in Akamai Technologies by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company’s stock worth $1,912,000 after purchasing an additional 114 shares during the period. 94.28% of the stock is owned by institutional investors.

About Akamai Technologies

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.