Looking at Akamai Technologies, Inc.'s (NASDAQ:AKAM ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

The Last 12 Months Of Insider Transactions At Akamai Technologies

The Co-Founder F. Leighton made the biggest insider purchase in the last 12 months. That single transaction was for US$3.0m worth of shares at a price of US$80.01 each. That means that an insider was happy to buy shares at around the current price of US$81.04. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Akamai Technologies share holders is that an insider was buying at near the current price. F. Leighton was the only individual insider to buy shares in the last twelve months.

F. Leighton bought a total of 59.67k shares over the year at an average price of US$84.41. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Akamai Technologies

Akamai Technologies is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Akamai Technologies Insiders Bought Stock Recently

There has been significantly more insider buying, than selling, at Akamai Technologies, over the last three months. Co-Founder F. Leighton spent US$3.0m on stock. But we did see insider selling worth US$1.1m. The buying outweighs the selling, which suggests that insiders may believe the company will do well in the future.

Does Akamai Technologies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Akamai Technologies insiders own 1.9% of the company, worth about US$235m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Akamai Technologies Insiders?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Akamai Technologies. Looks promising! Of course, the future is what matters most. So if you are interested in Akamai Technologies, you should check out this free report on analyst forecasts for the company.

But note: Akamai Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.