Insider Sell: CFO Edward Mcgowan Sells 4,651 Shares of Akamai Technologies Inc (AKAM)

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Akamai Technologies Inc (NASDAQ:AKAM), a company specializing in providing cloud services for delivering, optimizing, and securing online content and business applications, has reported an insider sell according to a recent SEC filing. Edward Mcgowan, the Chief Financial Officer of Akamai Technologies Inc, sold 4,651 shares of the company on March 11, 2024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Following the sale, the insider now directly owns shares in the company. The shares were sold at an average price of $110.55, resulting in a transaction amount of $514,268.05. Over the past year, Edward Mcgowan has engaged in multiple transactions, selling a total of 29,946 shares and making no purchases of company stock. 1767769211159080960.png The insider transaction history for Akamai Technologies Inc shows a pattern of insider activity. There have been 27 insider buys and 36 insider sells over the past year, indicating a mixed sentiment among those with intimate knowledge of the company. Akamai Technologies Inc's stock market capitalization stands at $16.63 billion, reflecting the scale of the company within its industry. The company's price-earnings ratio is currently 31.10, which is above the industry median of 27.66 but below the company's historical median price-earnings ratio. This valuation metric suggests a comparison with both industry standards and the company's own pricing history. 1767769226833195008.png Considering the stock's price of $110.55 and the GuruFocus Value of $117.31, Akamai Technologies Inc has a price-to-GF-Value ratio of 0.94. According to GuruFocus, this indicates that the stock is Fairly Valued. The GF Value is a proprietary intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts. Investors and analysts often monitor insider sell transactions to gain insights into a company's internal perspective. The recent sell by the insider, Edward Mcgowan, may be interpreted in various ways, but it remains a single data point in the broader analysis of the company's financial health and market position.

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