Akamai Technologies Inc. (AKAM) Review – Making Smarter Decisions

1,139 institutions hold shares in Akamai Technologies Inc. (AKAM), with 3.23M shares held by insiders accounting for 1.98% while institutional investors hold 96.13% of the company’s shares. The shares outstanding are 162.80M, and float is at 159.32M with Short Float at 5.02%. Institutions hold 94.23% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 17.61 million shares valued at $1.85 billion. The investor’s holdings represent 10.79% of the AKAM Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 14.26 million shares valued at $1.5 billion to account for 8.74% of the shares outstanding. The other top investors are Canada Pension Plan Investment Board which holds 7.38 million shares representing 4.52% and valued at over $774.79 million, while State Street Corporation holds 4.17% of the shares totaling 6.8 million with a market value of $714.1 million.

Akamai Technologies Inc. (NASDAQ: AKAM) is -1.19% lower on its value in year-to-date trading and has touched a low of $92.64 and a high of $124.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AKAM stock was last observed hovering at around $103.86 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $120.00 for the next 12 months. It is also 35.96% off the consensus price target high of $162.00 offered by 17 analysts, but current levels are 1.2% higher than the price target low of $105.00 for the same period.

Currently trading at $103.74, the stock is 3.92% and 0.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -0.12% at the moment leaves the stock -2.28% off its SMA200. AKAM registered 8.79% gain for a year compared to 6-month loss of -4.48%. The firm has a 50-day simple moving average (SMA 50) of $98.52 and a 200-day simple moving average (SMA200) of $104.42.

The stock witnessed a 6.81% gain in the last 1 month and extending the period to 3 months gives it a -1.43%, and is 0.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.71% over the week and 2.27% over the month.

Akamai Technologies Inc. (AKAM) has around 8368 employees, a market worth around $16.78B and $3.20B in sales. Current P/E ratio is 30.77 and Fwd P/E is 17.59. Profit margin for the company is 17.40%. Distance from 52-week low is 11.98% and -16.95% from its 52-week high. The company has generated returns on investments over the last 12 months (9.90%).

Akamai Technologies Inc. (AKAM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Akamai Technologies Inc. (AKAM) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Akamai Technologies Inc. is expected to release its quarterly report on 08/03/2021 and quarterly earnings per share for the current quarter are estimated at $1.3 with sales reaching $829.61M over the same period.The EPS is expected to grow by 16.10% this year, but quarterly earnings will post 6.60% year-over-year. Quarterly sales are estimated to grow 8.50% in year-over-year returns.

Akamai Technologies Inc. (AKAM) Insider Activity

A total of 74 insider transactions have happened at Akamai Technologies Inc. (AKAM) in the last six months, with sales accounting for 11 and purchases happening 63 times. The most recent transaction is an insider sale by Williams Anthony P, the company’s EVP and CHRO. SEC filings show that Williams Anthony P sold 2,300 shares of the company’s common stock on Mar 17 at a price of $99.52 per share for a total of $0.23 million. Following the sale, the insider now owns 7056.0 shares.

Akamai Technologies Inc. disclosed in a document filed with the SEC on Mar 09 that Karon Adam (COO & GM Edge Technology Group) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 09 and was made at $98.40 per share for $0.49 million. Following the transaction, the insider now directly holds 35433.0 shares of the AKAM stock.

Still, SEC filings show that on Mar 09, Blumofe Robert (Chief Technology Officer) disposed off 10,000 shares at an average price of $98.53 for $0.99 million. The insider now directly holds 31,786 shares of Akamai Technologies Inc. (AKAM).

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Akamai Technologies Inc. (AKAM): Who are the competitors?

The company’s main competitors (and peers) include Limelight Networks Inc. (LLNW) that is trading -32.12% down over the past 12 months and Nuance Communications Inc. (NUAN) that is 180.11% higher over the same period. AT&T Inc. (T) is 12.82% up on the 1-year trading charts. Short interest in the company’s stock has risen 3.38% from the last report on Feb 11, 2021 to stand at a total of 7.73 million short shares sold with a short interest ratio of 3.44.

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