Akamai (AKAM) Receives a Buy from Oppenheimer
Oppenheimer analyst Param Singh reiterated a Buy rating on Akamai today and set a price target of $130.00.
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Singh covers the Technology sector, focusing on stocks such as Akamai, International Business Machines, and DigitalOcean Holdings. According to TipRanks, Singh has an average return of 2.6% and a 50.00% success rate on recommended stocks.
In a report released on April 20, Morgan Stanley also maintained a Buy rating on the stock with a $120.00 price target.
Based on Akamai’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.09 billion and a net profit of $85.07 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $139.91 million
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AKAM in relation to earlier this year. Last month, Anthony P Williams, the EVP and CHRO of AKAM sold 15,000.00 shares for a total of $1,564,363.65.
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