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Insider Trends: Insider Prolongs 90-Day Selling Trend at Akamai Technologies

05/10/2021 12:44

04:38 PM EDT, 05/10/2021 (MT Newswires) -- Rick M McConnell, President and GM Security, sold 14,920 shares in Akamai Technologies (AKAM) for $1,645,676 on May 07, 2021. McConnell, following the transactions delineated in the Form 4 SEC filing, has 46,995 company shares, with a market value, based on the prior-day closing price, of $5.21 million.

Over the last 90 days, prior to the date of this filing, there have been 28 insider transactions reported to the SEC for Akamai Technologies. These transactions came from the activities of 11 individual insiders that resulted in a net disposition of 20,104 company shares. This compares with the preceding 90-day window of time where there were 12 transactions from 10 insiders which resulted in the net acquisition of 29,352 shares.

This represents a lower level of transactions than the peer group average in the 188-company IT Services & Consulting peer group over the last 90-day period. Within the peer group activity averaged 115.4 transactions per company, and disposition of 25,970 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1086222/000108622221000148/xslF345X03/wf-form4_162067877764451.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.