Insider Sell: COO & GM Edge Technology Group Adam Karon Sells 14,349 Shares of Akamai ...
Akamai Technologies Inc (NASDAQ:AKAM), a global leader in content delivery network services and cloud security solutions, has experienced a recent insider transaction. Adam Karon, the COO & General Manager of Edge Technology Group at Akamai Technologies Inc, sold 14,349 shares of the company on March 22, 2024, according to a SEC Filing.Over the past year, the insider has sold a total of 65,379 shares and has not made any purchases of the company's stock. This latest transaction is part of a broader trend within the company, where there have been 25 insider buys and 37 insider sells 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 price-earnings ratio of the company stands at 30.87, which is above the industry median of 28.1 but below the company's historical median price-earnings ratio.
Considering the stock's 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 based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
