Today, a Director at Akamai (NASDAQ: AKAM), Paul Sagan, bought shares of AKAM for $1.5M.
Following this transaction Paul Sagan’s holding in the company was increased by 33.94% to a total of $8.72 million. In addition to Paul Sagan, one other AKAM executive reported Buy trades in the last month.
See today’s analyst top recommended stocks >>
Based on Akamai’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $663 million and quarterly net profit of $43.06 million. In comparison, last year the company earned revenue of $609 million and had a net profit of $57.77 million. AKAM’s market cap is $12.79B and the company has a P/E ratio of 74.19. Currently, Akamai has an average volume of 1.75M.
30 different firms, including B.Riley FBR and Cowen & Co., currently also have a Buy rating on the stock. Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $87.13, reflecting a -12.1% downside.
In the last 30 days, insiders have sold $449K worth of AKAM shares and purchased $4.51M worth of AKAM shares. The insider sentiment on Akamai has been positive according to 67 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions.
