Edge Technology Group’s COO and GM, Adam Karon, sells 14,349 shares of Akamai Technologies

Edge Technology Group’s COO and GM, Adam Karon, sells 14,349 shares of Akamai Technologies

Akamai Technologies Inc (NASDAQ:AKAM) is a global leader in content delivery network services and cloud security solutions. 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, according to a SEC Filing. Over the past year, Karon 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.

It is important to note that the information presented in this article by GuruFocus is meant to provide general insights and is not considered financial advice. The analysis is based on historical data and analyst projections using an impartial methodology. This analysis does not make recommendations to purchase or divest any stock and does not take into account individual investment objectives or financial circumstances. The goal is to provide long-term, fundamental data-driven analysis. Keep in mind that the analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold any positions in the stocks mentioned in this article.

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