Recent Insider Activity: Akamai Technologies, Incorporated (AKAM)

Akamai Technologies, Inc. (NASDAQ:AKAM) insider has recently participated in insider trading activity. EVP and General Counsel, HARATUNIAN MELANIE sold 24,044 shares for $47.99 via one transaction Feb 11. Another notable insider trading was done by Gemmell James on Feb 11, who is the EVP & Chief HR Officer. The insider acquired 2,274 shares at an average price of $47.13. Moreover, an insider selling of 4,000 shares was carried out by SELIGMAN NAOMI O, Director, on Dec 02. Following the transaction, the insider now owns 5,899 shares in total. Director SAGAN PAUL sold 31,038 shares for $62.45 through one transaction Nov 04. Following this sale, this insider’s stake in the company comprises 38,866 shares, priced at $2042408.3 as of Tuesday.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 5 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 29 times by insiders. In 27 of these trades, the insider was a seller while an employee of the company was the buyer in just 2 instances.

On February 16, 2016 Akamai Technologies, Inc. (AKAM) announced that eMedia Network is using Akamai’s Media Delivery Solutions to deliver broadcast-quality video and radio content on its global OTT/IPTV platform, iON. The partnership has enabled eMedia to improve customer experiences and penetrate new markets across Europe, North America and Oceania (Australia and New Zealand).

eMedia specializes in digital video broadcasting, distribution and monetization of multicultural television and radio content. The company has been delivering IPTV for more than seven years and its successful niche business is built on a commitment to providing reliable and high-quality content. The shift to Akamai has helped eMedia gain subscribers and partners while reaching new audiences and reducing abandonment rates. The provider has also introduced new, value-add services, secured access to all network operators and simplified vendor and network management.

“We are serving a small, niche market so quality is key because the community talks. If we do not offer the best service, in time, no one will watch our programming. By being on the Akamai platform, we can serve all networks and all devices efficiently and at broadcast quality,” said Mark Lobwein, Executive Chairman, eMedia Network. “Together with our network partners and Akamai, we are wowing audiences around the world with interactive experiences that are at the forefront of online video.”