Recent Insider Activity: Akamai Technologies, Inc. $AKAM

349ac0ebb982dd38abe9be5d74e7cfe5

Akamai Technologies, Inc. (AKAM) insider have most recently took part in a trading activity. On Jun 15, 2017 Leighton F Thomson, CEO bought 20,397 shares having total worth of $999,861 at the price of $49.02 per share, following the transaction a total of 3,512,759 shares owned by Leighton F Thomson. Before this latest buy, Leighton F Thomson purchased AKAM at 8 other times during the past twelve months, for a total investment of $79.98M at an average of $56.14 per share.

The stock has experienced a total of 8 insider trades in the past three months. These trades include 7 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 44 times by insiders. In 36 of these trades, the insider was a seller while an employee of the company was the buyer in 8 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 7 -29.27%
12 Month 8 36 -5.44%

Shares of Akamai Technologies, Inc. (AKAM) traded down 0.12% on Jun 15, 2017, hitting $49.19. 1,502,404 shares of the company’s stock traded hands. Akamai Technologies, Inc. has a 52 week low of $39.57 and a 52 week high of $71.12. The company’s market cap is $9,200 million.

Akamai Technologies, Inc. (AKAM) last announced its earnings results on May 2, 2017. The company reported 0.69 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.67 by $0.02. The company had revenue of $609 million for the quarter, compared to the consensus estimate of $605 million. During the same quarter in the previous year, the company posted 0.66 earnings per share. The company’s revenue for the quarter was up 7% on a year-over-year basis.

2017-05-02 2017-02-07 2016-10-25 2016-07-26 2016-04-26 2016-02-09 2015-10-27 2015-07-28 2015-04-28 2015-02-10
earnings per share 0.69 0.72 0.68 0.64 0.66 0.72 0.62 0.57 0.61 0.70
Revenue(M) 609.24 616.12 584.07 572.14 567.73 579.16 551.03 540.72 526.54 536.3

Akamai Technologies, Inc. has been the subject of a number of recent research reports. Analysts at Baird Downgrades shares of Akamai Technologies, Inc. from a Outperform rating to an Neutral rating in a research note. They now have a $55.00 price target on the stock.

Akamai Technologies, Inc., was incorporated in Delaware in 1998. It provides services for accelerating and improving the delivery of content and applications over the Internet. Its solutions are designed to help businesses, government agencies and other enterprises enhance their revenue streams and reduce costs by maximizing the performance of their online businesses. The Company’s solutions are designed to help companies, government agencies and other enterprises improve communications with people they are trying to reach, enhance their revenue streams and reduce costs by maximizing the performance of their online businesses. It offers application performance services, services and solutions for digital media and software distribution and storage, content and application delivery, online advertising-related services and other specialized Internet-based offerings. Its Web Application Accelerator service is designed to improve the performance of Web-based applications through a combination of dynamic caching, routing and connection optimization, and compression of content. Akamai Media Delivery – As the demand for Internet access to music, movies, games, streaming news, sports events and social networking communities grows, there are many challenges to profitably offering media assets online, particularly with respect to user-generated content and HD video. In particular, media companies need cost-effective means to deliver large files to millions of users in different formats compatible with multiple end-user devices and platforms. Akamai Media Delivery addresses these challenges by delivering media content on behalf of its customers. Akamai ADS is designed to enable more effective online advertising by helping advertisers reach their target audiences. Its customers include Adobe, Apple, Audi, Best Buy, Burger King, EMC, Hitachi, L’Oreal, Microsoft, MTV Networks, MySpace, the National Basketball Association, Nintendo, SAP and Victoria’s Secret. The Company’s sales and service professionals are located in more than 25 offices in the United States, Europe and Asia. The Company competes primarily with companies offering products and services that address Internet performance problems, including companies that provide Internet content delivery and hosting services, streaming content delivery services and equipment-based solutions to Internet performance problems, such as load balancers and server switches.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.