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

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $88.63, for a total value of $354,520.00. Following the completion of the transaction, the executive vice president now owns 26,703 shares in the company, valued at $2,366,686.89. This represents a 13.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $87.43 on Friday. The firm has a market capitalization of $13.13 billion, a PE ratio of 25.87, a PEG ratio of 3.36 and a beta of 0.68. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a 1-year low of $86.78 and a 1-year high of $129.17. The business’s 50 day moving average is $99.84 and its 200-day moving average is $96.76.

Institutional Investors Weigh In On Akamai Technologies

A number of institutional investors have recently bought and sold shares of AKAM. V Square Quantitative Management LLC raised its stake in shares of Akamai Technologies by 2.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,113 shares of the technology infrastructure company’s stock valued at $516,000 after buying an additional 102 shares in the last quarter. Empirical Finance LLC increased its stake in Akamai Technologies by 2.0% in the third quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company’s stock valued at $538,000 after acquiring an additional 103 shares during the period. Van ECK Associates Corp raised its position in Akamai Technologies by 6.1% in the third quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company’s stock worth $189,000 after purchasing an additional 105 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after purchasing an additional 114 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Akamai Technologies by 1.3% during the third quarter. D.A. Davidson & CO. now owns 8,860 shares of the technology infrastructure company’s stock valued at $894,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. HSBC upgraded shares of 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. Tigress Financial restated a “strong-buy” rating and set a $140.00 target price on shares of Akamai Technologies in a report on Thursday, August 29th. DA Davidson reiterated a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research note on Friday, August 9th. Finally, Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $110.00 to $125.00 in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Akamai Technologies has an average rating of “Moderate Buy” and a consensus target price of $117.47.

About Akamai Technologies

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.