Akamai Technologies Inc. (NASDAQ:AKAM) EVP James Gemmell sold 1,869 shares of Akamai Technologies stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $50.45, for a total transaction of $94,291.05. Following the sale, the executive vice president now directly owns 7,148 shares in the company, valued at approximately $360,616.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Several research analysts have weighed in on AKAM shares. Deutsche Bank AG reissued a “buy” rating and set a $75.00 price objective on shares of Akamai Technologies in a report on Thursday, April 14th. B. Riley reissued a “buy” rating and set a $70.00 price objective on shares of Akamai Technologies in a report on Wednesday, April 13th. Vetr lowered shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating and set a $57.70 price objective for the company. in a report on Tuesday, April 26th. TheStreet raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, May 26th. Finally, KeyCorp reissued a “buy” rating on shares of Akamai Technologies in a report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $63.93.
A hedge fund recently raised its stake in Akamai Technologies stock. Sei Investments Co. boosted its stake in shares of Akamai Technologies Inc. (NASDAQ:AKAM) by 259.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,333 shares of the technology infrastructure company’s stock after buying an additional 29,822 shares during the period. Sei Investments Co.’s holdings in Akamai Technologies were worth $2,176,000 at the end of the most recent reporting period.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $572 million for the quarter, compared to the consensus estimate of $574.86 million. During the same period in the prior year, the business earned $0.57 earnings per share. Akamai Technologies’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that Akamai Technologies Inc. will post $2.68 EPS for the current year.
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.
