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Insider Selling in Akamai Technologies (AKAM) Shares Continues

05/11/2021 18:29

10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was a substantial sale of shares of Akamai Technologies by an insider today, as indicated in a form 4 document filed with the SEC. One insider -- Rick M McConnell, Officer -- disposed of 14,920 shares in the company having a market value of approximately $1,645,676. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 66,888 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 81,808 shares and have averaged 11,687 shares per transaction over this time period.

Insiders at Akamai Technologies have a level of buy/sell trades that is above the 188-peer company average over the last 90-day period. However, the number of shares per average transaction for Akamai Technologies insider buy-sell trading is very close to the average of the IT Services & Consulting peer group of companies. This peer group saw 681,892 shares purchased and 1,597,445 shares sold resulting in an average of 11,340 shares traded and netting out with company insiders disposing of 4,555 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.

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.