Akamai Technologies Inc (AKAM) Files Form 4 Insider Buying : F Thomson Leighton Buys 19,497 Shares

Akamai Technologies Inc (AKAM): F Thomson Leighton , CEO of Akamai Technologies Inc purchased 19,497 shares on May 16, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $51.28 per share for a total value of $999,806.19 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Melanie Haratunian (EVP and General Counsel) sold 9,854 shares at $50.66 per share price.On May 4, 2016, Robert Blumofe (EVP Platform) sold 2,000 shares at $50.75 per share price.Also, On Apr 29, 2016, James Gemmell (EVP & Chief HR Officer) sold 1,951 shares at $54.48 per share price.On Apr 18, 2016, F Thomson Leighton (CEO) purchased 19,546 shares at $51.15 per share price.

Akamai Technologies: On Monday, May 16, 2016 heightened volatility was witnessed in Akamai Technologies which led to swings in the share price. The shares opened for trading at $50.49 and hit $51.68 on the upside , eventually ending the session at $51.36, with a gain of 1.72% or 0.87 points. The heightened volatility saw the trading volume jump to 12,81,039 shares. The 52-week high of the share price is $78.09 and the company has a market cap of $9,018 M . The 52-week low of the share price is at $39.43.

Akamai Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.Akamai Technologies is Reiterated by FBR Capital to Underperform and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $42 .The Rating was issued on Apr 28, 2016.Akamai Technologies is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 59 from a previous price target of $62 . The Rating was issued on Apr 27, 2016.Akamai Technologies is Downgraded by Craig Hallum to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 27, 2016.Akamai Technologies is Initiated by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $62. The Rating was issued on Mar 24, 2016.Akamai Technologies is Initiated by Stifel to Hold. The Rating was issued on Mar 24, 2016.

Akamai Technologies Inc. is a provider of cloud services for delivering optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites tools that support the delivery and operation of cloud-based applications as well as security solutions and live and on-demand streaming video capabilities. The Company’s solutions include Media Delivery Solutions Performance and Security Solutions and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Company’s core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.

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