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

Posted by on Jun 21st, 2023

Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) CEO F Thomson Leighton purchased 275 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was acquired at an average cost of $91.20 per share, with a total value of $25,080.00. Following the transaction, the chief executive officer now directly owns 92,006 shares in the company, valued at $8,390,947.20. The purchase was disclosed in a filing with the SEC, which is available at this link.

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

  • On Friday, June 16th, F Thomson Leighton bought 271 shares of Akamai Technologies stock. The stock was bought at an average price of $92.31 per share, with a total value of $25,016.01.
  • On Wednesday, June 14th, F Thomson Leighton purchased 273 shares of Akamai Technologies stock. The shares were bought at an average price of $91.69 per share, for a total transaction of $25,031.37.
  • On Monday, June 12th, F Thomson Leighton acquired 271 shares of Akamai Technologies stock. The stock was bought at an average price of $92.43 per share, with a total value of $25,048.53.
  • On Monday, June 5th, F Thomson Leighton bought 269 shares of Akamai Technologies stock. The shares were purchased at an average price of $92.98 per share, for a total transaction of $25,011.62.
  • On Thursday, June 1st, F Thomson Leighton purchased 272 shares of Akamai Technologies stock. The stock was purchased at an average price of $92.00 per share, with a total value of $25,024.00.
  • On Tuesday, May 30th, F Thomson Leighton acquired 275 shares of Akamai Technologies stock. The stock was purchased at an average price of $91.06 per share, for a total transaction of $25,041.50.
  • On Friday, May 26th, F Thomson Leighton bought 280 shares of Akamai Technologies stock. The shares were purchased at an average price of $89.39 per share, with a total value of $25,029.20.
  • On Wednesday, May 24th, F Thomson Leighton purchased 288 shares of Akamai Technologies stock. The stock was acquired at an average price of $86.96 per share, for a total transaction of $25,044.48.
  • On Monday, May 22nd, F Thomson Leighton acquired 286 shares of Akamai Technologies stock. The shares were acquired at an average cost 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 cost of $87.86 per share, for a total transaction of $25,040.10.

Akamai Technologies Stock Performance

Shares of AKAM opened at $90.68 on Wednesday. The stock has a market capitalization of $13.80 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.03 and a beta of 0.80. 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 1 year low of $70.65 and a 1 year high of $98.81. The company’s fifty day moving average is $86.23 and its two-hundred day moving average is $83.51.

Akamai Technologies (NASDAQ:AKAM – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The technology infrastructure company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. On average, sell-side analysts predict that Akamai Technologies, Inc. will post 4.51 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on AKAM shares. Loop Capital reduced their price objective on shares of Akamai Technologies from $91.00 to $79.00 and set a “hold” rating for the company in a research report on Wednesday, March 1st. Piper Jaffray Companies upgraded shares of Akamai Technologies to an “overweight” rating and set a $93.00 price objective for the company in a research note on Tuesday, April 11th. Piper Sandler upgraded Akamai Technologies from a “neutral” rating to an “overweight” rating and set a $93.00 target price on the stock in a research report on Monday, April 10th. Robert W. Baird boosted their target price on Akamai Technologies from $89.00 to $94.00 in a report on Friday, May 12th. Finally, StockNews.com started coverage on Akamai Technologies in a research note on Thursday, May 18th. They set a “buy” rating on the stock. One 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AKAM. Fairfield Bush & CO. acquired a new position in shares of Akamai Technologies during the 1st quarter worth $107,000. Private Advisor Group LLC boosted its holdings in Akamai Technologies by 16.0% during the first quarter. Private Advisor Group LLC now owns 4,491 shares of the technology infrastructure company’s stock worth $536,000 after buying an additional 620 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Akamai Technologies by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,740 shares of the technology infrastructure company’s stock worth $2,596,000 after buying an additional 1,346 shares during the period. Cibc World Market Inc. increased its holdings in Akamai Technologies by 2.3% in the first quarter. Cibc World Market Inc. now owns 10,741 shares of the technology infrastructure company’s stock valued at $1,282,000 after buying an additional 237 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Akamai Technologies by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 2,789 shares of the technology infrastructure company’s stock valued at $333,000 after acquiring an additional 914 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.

Akamai Technologies Company Profile

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Akamai Technologies, Inc provides cloud services for securing, delivering, and computing content, applications, and software over the internet 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.

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