A software stock that insiders are snapping up a large amount of stock in here is Akamai Technologies ( AKAM), a provider of services for accelerating and improving the delivery of content and applications over the Internet, from live and on-demand streaming videos to conventional content on Web pages to tools that help people transact business. Insiders are buying this stock into notable weakness, since shares are off by 9.6% so far in 2013. Akamai Technologies has a market cap of $6.56 billion and an enterprise value of $6.10 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 32.90 and a forward price-to-earnings of 16.02. Its estimated growth rate for this year is 12.7%, and for next year it's pegged at 12.7%. This is a cash-rich company, since the total cash position on its balance sheet is $437.58 million and its total debt is zero. The CEO just bought 50,000 shares, or about $1.76 million worth of stock, at $35.31 per share. From a technical perspective, AKAM is currently trending above its 200-day moving average and well below its 50-day moving average, which is neutral trendwise. This stock recently gapped down after it reported earnings from $42 to its recent low of $33.55 a share with heavy downside volume. Following that move, shares of AKAM have started to rebound sharply and move into that gap down zone with decent upside volume. Traders who're bullish on AKAM should now look for long-biased trades as long as it's trending above its 200-day at $35.75, and then once it manages to break out above yesterday's high at $36.91 a share with high volume. Look for a sustained move or close above $36.91 a share with volume that hits near or above its three-month average action of 3,232,690 shares. At last check, AKAM has started to trigger that move since its intraday high is $37.10. If shares of AKAM can sustain this trend, then a possible upside target is its 50-day moving average of $39.68 a share.