Investors Purchase High Volume of Akamai Technologies Put Options (AKAM)
Akamai Technologies, Inc. (NASDAQ:AKAM) was the recipient of unusually large options trading on Monday. Traders acquired 3,889 put options on the stock. This represents an increase of approximately 902% compared to the average volume of 388 put options.
AKAM has been the topic of several recent research reports. Wells Fargo & Company set a $57.00 price objective on Akamai Technologies and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird restated a “hold” rating and issued a $52.00 price target on shares of Akamai Technologies in a research report on Friday, September 1st. Credit Suisse Group initiated coverage on Akamai Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $50.00 price target on the stock. DA Davidson set a $57.00 price target on Akamai Technologies and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.64.
In other Akamai Technologies news, SVP Aaron Ahola sold 2,893 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $52.44, for a total transaction of $151,708.92. Following the transaction, the senior vice president now owns 8,046 shares in the company, valued at approximately $421,932.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO F Thomson Leighton acquired 19,670 shares of the stock in a transaction on Monday, October 16th. The shares were purchased at an average price of $50.83 per share, for a total transaction of $999,826.10. Following the transaction, the chief executive officer now directly owns 226,950 shares in the company, valued at $11,535,868.50. The disclosure for this purchase can be found here. Insiders have sold a total of 31,181 shares of company stock worth $1,614,560 in the last quarter. Company insiders own 3.20% of the company’s stock.
Shares of Akamai Technologies (NASDAQ AKAM) opened at $55.79 on Friday. The firm has a market capitalization of $9,430.00, a PE ratio of 28.83, a P/E/G ratio of 2.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.01 and a quick ratio of 3.01. Akamai Technologies has a 12 month low of $44.65 and a 12 month high of $71.64.
Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $621.00 million for the quarter, compared to analyst estimates of $610.66 million. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. Akamai Technologies’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. equities analysts predict that Akamai Technologies will post 1.89 EPS for the current fiscal year.
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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.
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