Company Shares of Akamai Technologies Rally 0.87%

Akamai Technologies (NASDAQ:AKAM) has climbed 0.87% in the past week and advanced 2.82% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.08% and the outperformance has advanced to 1.88% for the last 4 weeks period.

Akamai Technologies (NASDAQ:AKAM): The stock opened at $53.73 on Friday but the bulls could not build on the opening and the stock topped out at $53.99 for the day. The stock traded down to $53.16 during the day, due to lack of any buying support eventually closed down at $53.19 with a loss of -0.97% for the day. The stock had closed at $53.71 on the previous day. The total traded volume was 2,330,298 shares.

The company shares have dropped -27.15% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $76.98 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $52.31 and the 200 Day Moving Average price is recorded at $51.87.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Akamai Technologies Inc, Leighton F Thomson had purchased shares worth of $999,749 in a transaction dated on June 16, 2016. A total of 18,881 shares were purchased at a price of $52.95 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Craig-Hallum downgrades the rating on Akamai Technologies (NASDAQ:AKAM). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 27, 2016. Currently the company Insiders own 2.7% of Akamai Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.15% . Institutional Investors own 90.67% of Akamai Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -27.1%.

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 Companys 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 Companys 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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