Akamai Technologies, Inc. (NASDAQ:AKAM) CEO Acquires $25,045.80 in Stock

Akamai Technologies, Inc. (NASDAQ:AKAMGet Rating) CEO F Thomson Leighton acquired 285 shares of the firm’s stock in a transaction dated Thursday, January 19th. The stock was bought at an average cost of $87.88 per share, with a total value of $25,045.80. Following the acquisition, the chief executive officer now owns 7,543 shares in the company, valued at $662,878.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

F Thomson Leighton also recently made the following trade(s):

  • On Tuesday, January 17th, F Thomson Leighton purchased 282 shares of Akamai Technologies stock. The stock was acquired at an average price of $88.86 per share, with a total value of $25,058.52.
  • On Friday, January 13th, F Thomson Leighton acquired 283 shares of Akamai Technologies stock. The shares were purchased at an average price of $88.50 per share, with a total value of $25,045.50.
  • On Wednesday, January 11th, F Thomson Leighton bought 285 shares of Akamai Technologies stock. The shares were bought at an average price of $87.96 per share, for a total transaction of $25,068.60.
  • On Thursday, January 5th, F Thomson Leighton acquired 293 shares of Akamai Technologies stock. The stock was acquired at an average price of $85.50 per share, for a total transaction of $25,051.50.
  • On Tuesday, January 3rd, F Thomson Leighton purchased 295 shares of Akamai Technologies stock. The shares were purchased at an average price of $84.98 per share, for a total transaction of $25,069.10.
  • On Thursday, December 29th, F Thomson Leighton acquired 298 shares of Akamai Technologies stock. The shares were bought at an average cost of $83.97 per share, for a total transaction of $25,023.06.
  • On Tuesday, December 27th, F Thomson Leighton bought 302 shares of Akamai Technologies stock. The stock was acquired at an average cost of $83.03 per share, for a total transaction of $25,075.06.
  • On Monday, December 19th, F Thomson Leighton acquired 294 shares of Akamai Technologies stock. The shares were purchased at an average cost of $85.07 per share, for a total transaction of $25,010.58.
  • On Friday, December 16th, F Thomson Leighton bought 294 shares of Akamai Technologies stock. The shares were acquired at an average price of $85.11 per share, with a total value of $25,022.34.
  • On Wednesday, December 14th, F Thomson Leighton acquired 279 shares of Akamai Technologies stock. The stock was purchased at an average price of $89.85 per share, with a total value of $25,068.15.

Akamai Technologies Stock Up 1.8 %

AKAM stock opened at $88.13 on Monday. The stock has a market capitalization of $13.86 billion, a P/E ratio of 28.25, a PEG ratio of 1.65 and a beta of 0.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.25 and a current ratio of 2.25. Akamai Technologies, Inc. has a one year low of $76.28 and a one year high of $123.25. The company has a 50 day moving average price of $88.31 and a two-hundred day moving average price of $88.75.

Akamai Technologies (NASDAQ:AKAMGet Rating) last released its earnings results on Tuesday, November 8th. The technology infrastructure company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.07). The firm had revenue of $881.90 million during the quarter, compared to analysts’ expectations of $875.99 million. Akamai Technologies had a return on equity of 16.00% and a net margin of 14.12%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. As a group, sell-side analysts expect that Akamai Technologies, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cowen dropped their target price on shares of Akamai Technologies from $164.00 to $137.00 in a report on Wednesday, November 9th. Robert W. Baird dropped their price objective on shares of Akamai Technologies to $90.00 in a research note on Tuesday, November 15th. KeyCorp dropped their price objective on shares of Akamai Technologies from $116.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. DA Davidson dropped their price objective on shares of Akamai Technologies to $100.00 in a research note on Tuesday, November 15th. Finally, Piper Sandler dropped their price objective on shares of Akamai Technologies to $93.00 in a research note on Tuesday, November 15th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.86.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds have recently made changes to their positions in the stock. Clarius Group LLC boosted its holdings in shares of Akamai Technologies by 4.9% in the 2nd quarter. Clarius Group LLC now owns 2,454 shares of the technology infrastructure company’s stock valued at $224,000 after purchasing an additional 115 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Akamai Technologies by 0.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,127 shares of the technology infrastructure company’s stock valued at $1,295,000 after purchasing an additional 121 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Akamai Technologies by 4.4% in the 2nd quarter. Cetera Investment Advisers now owns 2,913 shares of the technology infrastructure company’s stock valued at $266,000 after purchasing an additional 124 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Akamai Technologies by 103.3% in the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Finally, Opes Wealth Management LLC boosted its holdings in shares of Akamai Technologies by 2.8% in the 3rd quarter. Opes Wealth Management LLC now owns 4,686 shares of the technology infrastructure company’s stock valued at $376,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

Akamai Technologies Company Profile

(Get Rating)

Akamai Technologies, Inc engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.

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