Akamai Technologies, Inc. (AKAM): Akamai chief scientist buys $1.6M in sto...

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Friday, 05/20/2011 10:25:55 AM

Friday, May 20, 2011 10:25:55 AM

Akamai chief scientist buys $1.6M in stock

The chief scientist at Akamai Technologies Inc. (Nasdaq: AKAM) recently bought $1.6 million worth of the Cambridge, Mass.-based company’s stock, which has taken a beating this year.

Chief Scientist Thomson Leighton bought 50,000 shares at $32.66 apiece, according to a filing with the Securities and Exchange Commission. The stock is owned indirectly by the Thomson Leighton and Bonnie Leighton Revocable Trust, according to the SEC filing.

Since Jan. 3, Akamai shares have dropped 31 percent while the Nasdaq has climbed 6 percent. Investors recently were disappointed by Akamai’s forecast, even though the company beat analysts’ estimates in the first quarter.

http://www.bizjournals.com/boston/news/2011/05/20/akamai-chief-scientist-buys-16m-in.html?ana=yfcpc

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