Large Outflow of Money Witnessed in Akamai Technologies, Inc.

Akamai Technologies, Inc. (AKAM) had an volatile session and gained 0.11 points till last call. The price was at $68.7, gaining 0.16% till the last intraday data. The total uptick value was $20.72 million while the total downtick value was $28.09 million. The shares saw a net money flow of $(-7.37) million and the up/down ratio stood at 0.74. The stock has seen a change of of 1.07% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-7.32) million. Almost $5.03 million were received in upticks and approximately $12.35 million were lost in downticks, thereby giving the up/down ratio of 0.41.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Akamai Technologies, Inc. has dropped 0.04% in the last five trading days, however, the shares have posted positive gains of 3.03% in the last 4 weeks. Akamai Technologies, Inc. has dropped 1.11% during the last 3-month period . Year-to-Date the stock performance stands at 3.03%. Akamai Technologies, Inc. (NASDAQ:AKAM) rose 0.16% or 0.11 points on Wednesday and made its way into the gainers of the day. After trading began at $68.67 the stock was seen hitting $68.8 as a peak level and $67.76 as the lowest level. The stock ended up at $68.7. The daily volume was measured at 1,579,525 shares. The 52-week high of the share price is $71.64 and the 52-week low is $39.43. The company has a market cap of $11,906 million.

Company has reported several Insider transactions to the SEC, on Jan 6, 2017, Paul Sagan (director) sold 18,667 shares at 67.81 per share price.On Dec 16, 2016, F Thomson Leighton (CEO) purchased 14,828 shares at 67.43 per share price.On Nov 2, 2016, Robert Blumofe (EVP Platform) sold 2,000 shares at 69.39 per share price.

Akamai Technologies Last issued its quarterly earnings results on Oct 25, 2016. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.61. The company had revenue of $584.10 million for the quarter, compared to analysts expectations of $572.09 million. The companys revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Akamai Technologies was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Akamai Technologies was Initiated by Guggenheim on Dec 22, 2016 to Buy, Price Target of the shares are set at $75.Akamai Technologies was Upgraded by Oppenheimer to Outperform on Dec 14, 2016.

Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.

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