Akamai Technologies Inc (NASDAQ:AKAM) is a leading provider of content delivery network services and cloud security solutions on a global scale. Recently, the company experienced an insider transaction involving Adam Karon, the COO & General Manager of Edge Technology Group at Akamai Technologies Inc. Karon sold 14,349 shares of the company on March 22, 2024, as reported in a SEC Filing.
Over the past year, Karon has sold a total of 65,379 shares of Akamai Technologies Inc and has not made any purchases of the company’s stock. This recent transaction is part of a larger trend within the company, with 25 insider buys and 37 insider sells occurring over the past year.
On the day of the sale, shares of Akamai Technologies Inc were trading at $109.78, giving the company a market capitalization of $16.512 billion. The company’s price-earnings ratio stands at 30.87, which is higher than the industry median of 28.1, but lower than the company’s historical median price-earnings ratio.
When considering the stock price of $109.78 and the GuruFocus Value of $117.51, Akamai Technologies Inc has a price-to-GF-Value ratio of 0.93, indicating that the stock is Fairly Valued based on its GF Value. The GF Value is calculated using historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
Investors should be aware that this article provides general insights and is not personalized financial advice
