Akamai Technologies Inc. (NASDAQ:AKAM) EVP Melanie Haratunian sold 12,129 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $56.00, for a total value of $679,224.00. Following the completion of the sale, the executive vice president now directly owns 101,253 shares in the company, valued at $5,670,168. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Melanie Haratunian also recently made the following trade(s):
- On Friday, August 26th, Melanie Haratunian sold 10,282 shares of Akamai Technologies stock. The stock was sold at an average price of $55.29, for a total value of $568,491.78.
- On Tuesday, August 23rd, Melanie Haratunian sold 20,875 shares of Akamai Technologies stock. The shares were sold at an average price of $53.49, for a total value of $1,116,603.75.
Shares of Akamai Technologies Inc. (NASDAQ:AKAM) opened at 54.95 on Friday. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 30.16 and a beta of 1.49. The stock has a 50 day moving average price of $53.41 and a 200 day moving average price of $53.25. Akamai Technologies Inc. has a 1-year low of $39.43 and a 1-year high of $76.39.
Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. Akamai Technologies had a net margin of 14.31% and a return on equity of 11.82%. The firm had revenue of $572 million for the quarter, compared to the consensus estimate of $574.86 million. During the same period last year, the firm earned $0.57 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts anticipate that Akamai Technologies Inc. will post $2.57 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp increased its position in Akamai Technologies by 16.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 112,800 shares of the technology infrastructure company’s stock worth $6,268,000 after buying an additional 15,700 shares in the last quarter. Wexford Capital LP acquired a new position in Akamai Technologies during the first quarter worth about $516,000. Aviva PLC increased its position in Akamai Technologies by 1.3% in the first quarter. Aviva PLC now owns 84,532 shares of the technology infrastructure company’s stock worth $4,697,000 after buying an additional 1,097 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Akamai Technologies during the first quarter worth about $3,677,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in Akamai Technologies during the first quarter worth about $747,000. Hedge funds and other institutional investors own 89.88% of the company’s stock.
AKAM has been the topic of several research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Akamai Technologies in a research report on Wednesday, June 15th. MKM Partners reaffirmed a “buy” rating and set a $68.00 price objective on shares of Akamai Technologies in a research report on Saturday, July 9th. Pacific Crest reaffirmed a “buy” rating and set a $71.00 price objective on shares of Akamai Technologies in a research report on Monday, July 11th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Akamai Technologies in a research report on Sunday, July 17th. Finally, SunTrust Banks Inc. initiated coverage on Akamai Technologies in a research report on Thursday, July 21st. They set a “buy” rating and a $66.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $61.50.
Akamai Technologies Company Profile
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It is involved in offering content delivery network (CDN) services.
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