James Gemmell Sells 8,430 Shares of Akamai Technologies, Inc. (AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP James Gemmell sold 8,430 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $67.00, for a total value of $564,810.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Akamai Technologies, Inc. (NASDAQ AKAM) opened at $66.89 on Monday. The stock has a market capitalization of $11,314.56, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 3.01. Akamai Technologies, Inc. has a 52-week low of $44.65 and a 52-week high of $69.56.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The firm had revenue of $663.50 million during the quarter, compared to analysts’ expectations of $649.08 million. Akamai Technologies had a return on equity of 9.90% and a net margin of 8.72%. Akamai Technologies’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. equities analysts expect that Akamai Technologies, Inc. will post 2.14 EPS for the current fiscal year.

A number of brokerages have weighed in on AKAM. Vetr upgraded Akamai Technologies from a “buy” rating to a “strong-buy” rating and set a $71.78 price objective for the company in a research note on Monday, February 12th. William Blair restated an “outperform” rating on shares of Akamai Technologies in a research note on Tuesday, February 6th. DA Davidson upped their price target on Akamai Technologies from $57.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Robert W. Baird upped their price target on Akamai Technologies from $62.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada upped their price target on Akamai Technologies to $70.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.95.

A number of large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC raised its position in Akamai Technologies by 9.0% in the second quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after acquiring an additional 168 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Akamai Technologies by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,950 shares of the technology infrastructure company’s stock valued at $5,329,000 after purchasing an additional 788 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Akamai Technologies by 2.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 31,445 shares of the technology infrastructure company’s stock valued at $2,045,000 after purchasing an additional 825 shares during the last quarter. Suntrust Banks Inc. grew its holdings in Akamai Technologies by 19.6% in the fourth quarter. Suntrust Banks Inc. now owns 5,054 shares of the technology infrastructure company’s stock valued at $328,000 after purchasing an additional 829 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in Akamai Technologies by 2.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 32,822 shares of the technology infrastructure company’s stock valued at $2,135,000 after purchasing an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “James Gemmell Sells 8,430 Shares of Akamai Technologies, Inc. (AKAM) Stock” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/19/james-gemmell-sells-8430-shares-of-akamai-technologies-inc-akam-stock.html.

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 is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

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

Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply