Akamai Technologies Inc (AKAM) Files Form 4 Insider Selling : Rick M Mcconnell Sells 3,550 Shares

Akamai Technologies Inc (AKAM): Rick M Mcconnell , President Prods & Development of Akamai Technologies Inc sold 3,550 shares on Jul 14, 2016. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $58.00 per share for a total value of $205,900.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, F Thomson Leighton (CEO) purchased 18,881 shares at $52.95 per share price.On Jun 15, 2016, Paul Sagan (director) sold 23,255 shares at $52.34 per share price.Also, On Jun 2, 2016, Naomi O Seligman (director) sold 1,728 shares at $54.10 per share price.On May 4, 2016, Melanie Haratunian (EVP and General Counsel) sold 9,854 shares at $50.66 per share price.

Shares of Akamai Technologies (AKAM) ended Friday, Jul 15, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.31% at $57.25 with 11,37,960 shares getting traded. Post opening the session at $57.7, the shares hit an intraday low of $57.03 and an intraday high of $57.91 and the price vacillated in this range throughout the day. The company has a market cap of $10,053 M and the number of outstanding shares has been calculated to be 17,55,91,770 shares. The 52-week high of Akamai Technologies is $76.98 and the 52-week low is $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 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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