Akami Technologies Ticks Higher As CEO Purchases 96,000 Shares Of Company Stock

Shares of Akami Technologies, Inc. (NASDAQ: AKAM) were trading higher by more than 1 percent on Thursday as investors after the company's CEO Dr. Tom Leighton reported an insider purchase of company stock.

Leighton reported that he purchased 96,521 shares of Akami Technologies' stock at a price of $51.79. The executive now owns more than 2.96 million shares of the company's stock.

Shares of Akami Technologies have gained more than 2 percent since the start of 2016 but have lost nearly 25 percent over the past year.