Akamai Technologies Inc. (NASDAQ:AKAM) EVP Melanie Haratunian sold 12,129 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, October 5th. The shares were 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 approximately $5,670,168. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were 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.

Akamai Technologies Inc. (NASDAQ:AKAM) opened at 54.95 on Friday. The firm has a market cap of $9.60 billion, a PE ratio of 30.16 and a beta of 1.49. Akamai Technologies Inc. has a 12-month low of $39.43 and a 12-month high of $76.39. The stock’s 50 day moving average price is $53.41 and its 200-day moving average price is $53.25.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The company had revenue of $572 million for the quarter, compared to analysts’ expectations of $574.86 million. Akamai Technologies had a return on equity of 11.82% and a net margin of 14.31%. Akamai Technologies’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. Equities research analysts anticipate that Akamai Technologies Inc. will post $2.57 earnings per share for the current fiscal year.

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

A number of research analysts have weighed in on the company. B. Riley restated a “buy” rating and issued a $62.00 price target on shares of Akamai Technologies in a research note on Monday, August 1st. JPMorgan Chase & Co. restated a “hold” rating on shares of Akamai Technologies in a research note on Sunday, July 17th. MKM Partners restated a “buy” rating and issued a $68.00 price target on shares of Akamai Technologies in a research note on Saturday, July 9th. FBR & Co decreased their price target on Akamai Technologies from $43.00 to $42.00 and set an “underperform” rating for the company in a research note on Wednesday, July 27th. Finally, Piper Jaffray Cos. decreased their price target on Akamai Technologies from $69.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $61.50.

Several hedge funds have recently bought and sold shares of AKAM. Commonwealth Equity Services Inc boosted its stake in Akamai Technologies by 21.2% in the first quarter. Commonwealth Equity Services Inc now owns 7,578 shares of the technology infrastructure company’s stock valued at $421,000 after buying an additional 1,324 shares during the last quarter. Aperio Group LLC boosted its stake in Akamai Technologies by 27.3% in the first quarter. Aperio Group LLC now owns 66,193 shares of the technology infrastructure company’s stock valued at $3,678,000 after buying an additional 14,189 shares during the last quarter. Prudential Financial Inc. boosted its stake in Akamai Technologies by 0.4% in the first quarter. Prudential Financial Inc. now owns 244,801 shares of the technology infrastructure company’s stock valued at $13,604,000 after buying an additional 900 shares during the last quarter. Franklin Resources Inc. boosted its stake in Akamai Technologies by 118.3% in the first quarter. Franklin Resources Inc. now owns 447,688 shares of the technology infrastructure company’s stock valued at $24,878,000 after buying an additional 242,600 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Akamai Technologies by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,556,690 shares of the technology infrastructure company’s stock valued at $253,215,000 after buying an additional 81,460 shares during the last quarter. 89.88% of the stock is currently owned by institutional investors.

About Akamai Technologies

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.

5 Day Chart for NASDAQ:AKAM

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