Akamai Technologies Inc. (NASDAQ:AKAM) EVP Melanie Haratunian sold 2,575 shares of the company’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $56.00, for a total transaction of $144,200.00. Following the completion of the sale, the executive vice president now directly owns 91,699 shares of the company’s stock, valued at $5,135,144. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Melanie Haratunian also recently made the following trade(s):

  • On Wednesday, October 5th, Melanie Haratunian sold 12,129 shares of Akamai Technologies stock. The stock was sold at an average price of $56.00, for a total transaction of $679,224.00.
  • 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 transaction of $568,491.78.
  • On Tuesday, August 23rd, Melanie Haratunian sold 20,875 shares of Akamai Technologies stock. The stock was sold at an average price of $53.49, for a total transaction of $1,116,603.75.

Akamai Technologies Inc. (NASDAQ:AKAM) traded up 1.78% during mid-day trading on Tuesday, hitting $55.92. 1,937,320 shares of the company traded hands. The company’s 50-day moving average is $53.53 and its 200-day moving average is $53.20. Akamai Technologies Inc. has a one year low of $39.43 and a one year high of $76.39. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 30.69 and a beta of 1.49.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Akamai Technologies had a net margin of 14.31% and a return on equity of 11.82%. The business had revenue of $572 million for the quarter, compared to analyst estimates of $574.86 million. During the same quarter last year, the firm earned $0.57 EPS. Akamai Technologies’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts predict that Akamai Technologies Inc. will post $2.57 EPS for the current year.

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

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Akamai Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Mizuho reiterated a “buy” rating and issued a $65.00 target price on shares of Akamai Technologies in a report on Monday, October 3rd. Wells Fargo & Co. upgraded shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $59.20 to $51.41 in a report on Friday, August 12th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $64.00 target price on shares of Akamai Technologies in a report on Tuesday, August 9th. Finally, Pacific Crest reiterated a “hold” rating on shares of Akamai Technologies in a report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.50.

A number of hedge funds have recently made changes to their positions in AKAM. Legal & General Group Plc increased its stake in shares of Akamai Technologies by 4.0% in the first quarter. Legal & General Group Plc now owns 732,506 shares of the technology infrastructure company’s stock valued at $40,704,000 after buying an additional 27,866 shares during the period. Renaissance Technologies LLC increased its stake in shares of Akamai Technologies by 9.0% in the first quarter. Renaissance Technologies LLC now owns 766,900 shares of the technology infrastructure company’s stock valued at $42,617,000 after buying an additional 63,600 shares during the period. Geode Capital Management LLC increased its stake in shares of Akamai Technologies by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,470,277 shares of the technology infrastructure company’s stock valued at $81,542,000 after buying an additional 29,369 shares during the period. PGGM Investments bought a new stake in shares of Akamai Technologies during the second quarter valued at approximately $30,442,000. Finally, North Star Asset Management Inc. increased its stake in shares of Akamai Technologies by 10.4% in the second quarter. North Star Asset Management Inc. now owns 182,013 shares of the technology infrastructure company’s stock valued at $10,180,000 after buying an additional 17,131 shares during the period. Hedge funds and other institutional investors own 89.89% of the company’s stock.

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.