Akamai Technologies, Inc. (NASDAQ:AKAM) Director William Raymond Wagner Sells 1,000 Shares

Akamai Technologies, Inc. (NASDAQ:AKAM) Director William Raymond Wagner sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the completion of the transaction, the director now owns 15,719 shares in the company, valued at approximately $1,467,840.22. The trade was a 5.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Akamai Technologies Stock Up 0.8 %

Shares of AKAM traded up $0.76 during trading hours on Wednesday, reaching $93.86. The company’s stock had a trading volume of 1,540,881 shares, compared to its average volume of 1,678,086. Akamai Technologies, Inc. has a 1-year low of $84.70 and a 1-year high of $129.17. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a 50 day moving average of $98.91 and a two-hundred day moving average of $96.27.

Analysts Set New Price Targets

Several brokerages recently weighed in on AKAM. TD Cowen boosted their target price on Akamai Technologies from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $110.00 to $125.00 in a research note on Friday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Akamai Technologies in a report on Friday, August 9th. Robert W. Baird reduced their price objective on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.47.

Institutional Trading of Akamai Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after acquiring an additional 114 shares during the period. Versant Capital Management Inc lifted its position in shares of Akamai Technologies by 170.8% during the 2nd quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock worth $28,000 after buying an additional 193 shares during the period. Innealta Capital LLC acquired a new stake in shares of Akamai Technologies in the 2nd quarter valued at $28,000. EntryPoint Capital LLC acquired a new stake in shares of Akamai Technologies during the first quarter worth approximately $31,000. Finally, Family Firm Inc. acquired a new stake in Akamai Technologies during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Company Profile

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.