A Director at Akamai is Exercising Options

Today it was reported that a Director at Akamai (AKAM), Monte Ford, exercised options to sell 24,721 AKAM shares at $45.09 a share, for a total transaction value of $1.79M.

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Based on Akamai’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $713 million and quarterly net profit of $94.02 million. In comparison, last year the company earned revenue of $663 million and had a net profit of $19.11 million. AKAM’s market cap is $11.84B and the company has a P/E ratio of 41.08. Currently, Akamai has an average volume of 1.36M.

Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $80.62, reflecting a 11.2% upside.

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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 offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions.

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