Insider Trading Alert - Akamai Technologies And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 2, 2013, 110 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $27.14 to $240,355,139.71.

Highlighted Stocks Traded by Insiders:

Akamai Technologies (AKAM) - FREE Research Report

Coyne Martin M Ii who is Director at Akamai Technologies sold 2,500 shares at $51.74 on Oct. 2, 2013. Following this transaction, the Director owned 29,261 shares meaning that the stake was reduced by 7.87% with the 2,500 share transaction.

The shares most recently traded at $51.67, down $0.07, or 0.14% since the insider transaction. Historical insider transactions for Akamai Technologies go as follows:

  • 4-Week # shares sold: 7,183
  • 12-Week # shares sold: 17,933
  • 24-Week # shares sold: 28,525

The average volume for Akamai Technologies has been 1.7 million shares per day over the past 30 days. Akamai Technologies has a market cap of $9.3 billion and is part of the technology sector and internet industry. Shares are up 26.94% year to date as of the close of trading on Wednesday.

Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. The company has a P/E ratio of 37.9. Currently there are 14 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 7 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on AKAM - FREE

TheStreet Quant Ratings rates Akamai Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Akamai Technologies Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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