Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul C. Joseph Sells 4,000 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total value of $366,280.00. Following the transaction, the executive vice president now directly owns 23,104 shares of the company’s stock, valued at approximately $2,115,633.28. This trade represents a 14.76 % 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 Stock Down 0.1 %

Akamai Technologies stock opened at $90.52 on Thursday. Akamai Technologies, Inc. has a twelve month low of $84.70 and a twelve month high of $129.17. The stock has a market cap of $13.60 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.83 and a beta of 0.64. The company’s 50-day moving average price is $94.55 and its two-hundred day moving average price is $97.36. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50.

Hedge Funds Weigh In On Akamai Technologies

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 114 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Akamai Technologies by 38.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock worth $53,000 after buying an additional 155 shares in the last quarter. Eastern Bank bought a new stake in shares of Akamai Technologies in the third quarter valued at about $71,000. Covestor Ltd grew its stake in shares of Akamai Technologies by 67.7% in the third quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company’s stock valued at $90,000 after acquiring an additional 358 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Akamai Technologies during the third quarter worth about $102,000. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of a number of research reports. Robert W. Baird cut their price objective on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Oppenheimer raised shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research report on Monday, December 2nd. HSBC upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Monday, November 11th. Evercore ISI reiterated an “outperform” rating and set a $110.00 target price on shares of Akamai Technologies in a report on Tuesday, December 17th. Finally, UBS Group started coverage on Akamai Technologies in a research note on Monday, December 16th. They issued a “neutral” rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.85.

Akamai Technologies Company Profile

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.