Akamai Technologies, Inc. (NASDAQ:AKAM) CEO F Thomson Leighton Buys 280 Shares

Posted by Marion Hillson on May 26th, 2023

Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) CEO F Thomson Leighton purchased 280 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average cost of $89.39 per share, for a total transaction of $25,029.20. Following the transaction, the chief executive officer now owns 87,941 shares of the company’s stock, valued at $7,861,045.99. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

On Wednesday, May 24th, F Thomson Leighton purchased 288 shares of Akamai Technologies stock. The shares were acquired at an average cost of $86.96 per share, for a total transaction of $25,044.48.
On Monday, May 22nd, F Thomson Leighton bought 286 shares of Akamai Technologies stock. The stock was purchased at an average cost of $87.52 per share, for a total transaction of $25,030.72.
On Friday, May 19th, F Thomson Leighton bought 285 shares of Akamai Technologies stock. The stock was purchased at an average cost of $87.86 per share, for a total transaction of $25,040.10.
On Wednesday, May 17th, F Thomson Leighton bought 288 shares of Akamai Technologies stock. The stock was purchased at an average cost of $87.00 per share, for a total transaction of $25,056.00.
On Monday, May 15th, F Thomson Leighton bought 293 shares of Akamai Technologies stock. The stock was purchased at an average cost of $85.33 per share, for a total transaction of $25,001.69.
On Friday, May 5th, F Thomson Leighton bought 323 shares of Akamai Technologies stock. The stock was purchased at an average cost of $77.53 per share, for a total transaction of $25,042.19.
On Wednesday, May 3rd, F Thomson Leighton purchased 315 shares of Akamai Technologies stock. The shares were bought at an average cost of $79.44 per share, for a total transaction of $25,023.60.
On Monday, May 1st, F Thomson Leighton purchased 306 shares of Akamai Technologies stock. The stock was purchased at an average price of $81.93 per share, with a total value of $25,070.58.
On Friday, April 28th, F Thomson Leighton purchased 308 shares of Akamai Technologies stock. The stock was purchased at an average price of $81.41 per share, with a total value of $25,074.28.
On Wednesday, April 26th, F Thomson Leighton purchased 315 shares of Akamai Technologies stock. The stock was purchased at an average price of $79.47 per share, with a total value of $25,033.05.

Akamai Technologies Trading Up 1.7 %

Shares of NASDAQ AKAM traded up $1.51 during trading on Friday, reaching $90.57. The company had a trading volume of 1,177,212 shares, compared to its average volume of 1,588,988. The company’s fifty day moving average price is $80.76 and its 200-day moving average price is $83.52. Akamai Technologies, Inc. has a 12 month low of $70.65 and a 12 month high of $102.83. The stock has a market cap of $13.78 billion, a P/E ratio of 31.14, a PEG ratio of 1.96 and a beta of 0.81. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55.

Akamai Technologies (NASDAQ:AKAM – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The technology infrastructure company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.08. Akamai Technologies had a return on equity of 14.63% and a net margin of 12.50%. The firm had revenue of $916.00 million for the quarter, compared to analyst estimates of $912.13 million. During the same quarter in the previous year, the company posted $1.12 EPS. The business’s revenue was up 1.4% on a year-over-year basis. As a group, research analysts expect that Akamai Technologies, Inc. will post 4.48 earnings per share for the current year.

Institutional Investors Weigh In On Akamai Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Akamai Technologies by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 17,936,754 shares of the technology infrastructure company’s stock valued at $1,440,680,000 after purchasing an additional 64,523 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Akamai Technologies by 21.8% during the 1st quarter. First Trust Advisors LP now owns 4,194,752 shares of the technology infrastructure company’s stock valued at $328,449,000 after purchasing an additional 749,933 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Akamai Technologies by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 3,549,920 shares of the technology infrastructure company’s stock valued at $277,564,000 after purchasing an additional 47,727 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Akamai Technologies by 5.7% during the 4th quarter. Legal & General Group Plc now owns 2,723,940 shares of the technology infrastructure company’s stock valued at $229,628,000 after purchasing an additional 147,339 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its position in shares of Akamai Technologies by 6.5% during the 1st quarter. Champlain Investment Partners LLC now owns 2,472,498 shares of the technology infrastructure company’s stock valued at $193,597,000 after purchasing an additional 151,100 shares in the last quarter. Institutional investors own 90.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AKAM shares. William Blair initiated coverage on Akamai Technologies in a research note on Wednesday, April 19th. They issued an “outperform” rating for the company. Royal Bank of Canada downgraded Akamai Technologies from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $100.00 to $85.00 in a research report on Wednesday, February 15th. Piper Jaffray Companies upgraded Akamai Technologies to an “overweight” rating and set a $93.00 target price for the company in a research report on Tuesday, April 11th. Robert W. Baird upped their target price on Akamai Technologies from $89.00 to $94.00 in a research report on Friday, May 12th. Finally, StockNews.com started coverage on Akamai Technologies in a report on Thursday, May 18th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $101.06.

Akamai Technologies Company Profile

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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.