Akamai Technologies (NASDAQ:AKAM) Director Martin Coyne II sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $49.10, for a total transaction of $122,750.00. Following the completion of the transaction, the director now directly owns 31,761 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
AKAM has been the subject of a number of recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of Akamai Technologies (NASDAQ:AKAM) in a research note to investors on Thursday, August 15th. They now have a $50.00 price target on the stock, up previously from $46.00. Separately, analysts at Jefferies Group raised their price target on shares of Akamai Technologies (NASDAQ:AKAM) from $44.00 to $45.00 in a research note to investors on Thursday, July 25th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Akamai Technologies (NASDAQ:AKAM) to $35.00 in a research note to investors on Thursday, July 25th. They now have an “underperform” rating on the stock.
Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Akamai Technologies has a consensus rating of “Buy” and an average price target of $47.53.
Shares of Akamai Technologies (NASDAQ:AKAM) traded up 0.89% on Thursday, hitting $50.57. The stock had a trading volume of 1,582,342 shares. Akamai Technologies has a one year low of $32.63 and a one year high of $50.21. The stock has a 50-day moving average of $46.8 and a 200-day moving average of $42.29. The company has a market cap of $9.009 billion and a price-to-earnings ratio of 36.59.
Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Wednesday, July 24th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $378.10 million for the quarter, compared to the consensus estimate of $374.31 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts predict that Akamai Technologies will post $1.96 earnings per share for the current fiscal year.
Akamai Technologies, Inc (NASDAQ:AKAM) provides content delivery and cloud infrastructure services for the delivery of content and applications over the Internet.
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