F Thomson Leighton Buys 275 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Posted by Defense World Staff on Jun 2nd, 2023

Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) CEO F Thomson Leighton bought 275 shares of the stock in a transaction on Tuesday, May 30th. The stock was purchased at an average cost of $91.06 per share, with a total value of $25,041.50. Following the purchase, the chief executive officer now directly owns 88,216 shares of the company’s stock, valued at approximately $8,032,948.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

On Friday, May 26th, F Thomson Leighton acquired 280 shares of Akamai Technologies stock. The shares were bought at an average cost of $89.39 per share, with a total value of $25,029.20.
On Wednesday, May 24th, F Thomson Leighton acquired 288 shares of Akamai Technologies stock. The shares were bought at an average cost of $86.96 per share, with a total value of $25,044.48.
On Monday, May 22nd, F Thomson Leighton bought 286 shares of Akamai Technologies stock. The shares were acquired at an average price of $87.52 per share, with a total value of $25,030.72.
On Friday, May 19th, F Thomson Leighton bought 285 shares of Akamai Technologies stock. The shares were acquired at an average price of $87.86 per share, with a total value of $25,040.10.
On Wednesday, May 17th, F Thomson Leighton bought 288 shares of Akamai Technologies stock. The shares were acquired at an average price of $87.00 per share, with a total value of $25,056.00.
On Monday, May 15th, F Thomson Leighton bought 293 shares of Akamai Technologies stock. The shares were acquired at an average price of $85.33 per share, with a total value of $25,001.69.
On Friday, May 5th, F Thomson Leighton purchased 323 shares of Akamai Technologies stock. The stock was purchased at an average price of $77.53 per share, with a total value of $25,042.19.
On Wednesday, May 3rd, F Thomson Leighton bought 315 shares of Akamai Technologies stock. The shares were bought at an average price of $79.44 per share, with a total value of $25,023.60.
On Monday, May 1st, F Thomson Leighton purchased 306 shares of Akamai Technologies stock. The shares were acquired at an average cost of $81.93 per share, for a total transaction of $25,070.58.
On Friday, April 28th, F Thomson Leighton bought 308 shares of Akamai Technologies stock. The stock was purchased at an average cost of $81.41 per share, for a total transaction of $25,074.28.

Akamai Technologies Trading Down 0.7 %

NASDAQ:AKAM opened at $91.45 on Friday. The firm’s fifty day moving average is $82.42 and its 200-day moving average is $83.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. Akamai Technologies, Inc. has a 52 week low of $70.65 and a 52 week high of $102.78. The firm has a market cap of $13.92 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.04 and a beta of 0.81.

Akamai Technologies (NASDAQ:AKAM – Get Rating) last issued its earnings results on Tuesday, May 9th. The technology infrastructure company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.08. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $912.13 million. Akamai Technologies had a net margin of 12.50% and a return on equity of 14.63%. Akamai Technologies’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Equities analysts expect that Akamai Technologies, Inc. will post 4.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AKAM shares. Cowen decreased their target price on shares of Akamai Technologies from $137.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, February 15th. Loop Capital reduced their price target on shares of Akamai Technologies from $91.00 to $79.00 and set a “hold” rating on the stock in a research note on Wednesday, March 1st. StockNews.com started coverage on shares of Akamai Technologies in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Robert W. Baird raised their price target on shares of Akamai Technologies from $89.00 to $94.00 in a research note on Friday, May 12th. Finally, Piper Sandler upgraded shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and set a $93.00 price target on the stock in a research note on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.06.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in Akamai Technologies by 2.4% during the fourth quarter. IFP Advisors Inc now owns 5,421 shares of the technology infrastructure company’s stock worth $112,000 after buying an additional 126 shares during the last quarter. Two Sigma Securities LLC raised its holdings in Akamai Technologies by 3.6% during the first quarter. Two Sigma Securities LLC now owns 3,605 shares of the technology infrastructure company’s stock worth $282,000 after buying an additional 126 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in Akamai Technologies by 47.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 397 shares of the technology infrastructure company’s stock worth $33,000 after buying an additional 127 shares during the last quarter. Ancora Advisors LLC raised its holdings in Akamai Technologies by 103.3% during the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in Akamai Technologies by 73.7% during the third quarter. Zions Bancorporation N.A. now owns 311 shares of the technology infrastructure company’s stock worth $25,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 90.41% of the company’s stock.

About Akamai Technologies

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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.