Akamai Technologies, Inc. (NASDAQ:AKAM), a global leader in content delivery network services and cloud security solutions, recently witnessed insider trading, according to its latest SEC filings. Adam Karon, his COO and General Manager of Edge Technology Group at Akamai Technologies Inc, sold 8,394 shares of the company's stock on March 15, 2024. Adam Karon's transaction included the disposition of stock at a market price of $108.26, resulting in gross proceeds of $908,797.44. This sale contributed to insider sales of 51,030 shares over the past year. It's important to note that insiders haven't bought any shares in the same period. Akamai Technologies (NASDAQ:AKAM)'s insider trading history shows that there were more insider sells than buys over the past year, with him accounting for 36 insider sells. 25 insider purchases were recorded.
In terms of valuation, Akamai Technologies, Inc. (NASDAQ:AKAM) has a market capitalization of $16.342 billion as of the latest trading date according to insiders. The company's price-to-earnings ratio of 30.56 is higher than the industry median of 27.86, but the company's historical median price-to-earnings ratio is lower. The current stock price is $108.26, compared to GuruFocus Value (GF Value) of $117.43. The price to GF value ratio is 0.92. This suggests that Akamai Technologies Inc is fairly valued based on his GF value.
GF Value is determined by considering historical trading multiples, GuruFocus adjustment factors based on the company's past performance, and future performance forecasts provided by Morningstar analysts. While recent selling by insiders may be of interest to investors who monitor insider activity, it is essential to consider the broader context of a company's performance and market valuation when interpreting insider actions. is.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
