Aaron Ahola Sells 4,000 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $80.92, for a total value of $323,680.00. Following the completion of the transaction, the executive vice president now owns 25,211 shares of the company’s stock, valued at approximately $2,040,074.12. The trade was a 13.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $80.73 on Friday. The stock’s 50-day simple moving average is $91.62 and its 200-day simple moving average is $95.91. Akamai Technologies, Inc. has a 52 week low of $75.50 and a 52 week high of $110.18. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.74 and a beta of 0.68. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Akamai Technologies

Several large investors have recently made changes to their positions in AKAM. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Akamai Technologies in the fourth quarter worth about $3,445,000. Siemens Fonds Invest GmbH bought a new stake in shares of Akamai Technologies in the fourth quarter worth about $2,455,000. Capital A Wealth Management LLC bought a new stake in shares of Akamai Technologies in the fourth quarter worth about $367,000. Mackenzie Financial Corp increased its holdings in shares of Akamai Technologies by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,427,580 shares of the technology infrastructure company’s stock worth $232,198,000 after purchasing an additional 81,744 shares during the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of Akamai Technologies in the fourth quarter worth about $252,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Susquehanna lowered their target price on Akamai Technologies from $110.00 to $105.00 and set a “positive” rating for the company in a research note on Friday, February 21st. Scotiabank reduced their price objective on Akamai Technologies from $115.00 to $107.00 and set a “sector outperform” rating for the company in a research report on Friday, February 21st. TD Cowen lowered Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $125.00 to $98.00 in a research report on Friday, February 21st. UBS Group began coverage on Akamai Technologies in a research report on Monday, December 16th. They set a “neutral” rating and a $110.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Akamai Technologies in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.55.

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.