Akamai Technologies Inc (NASDAQ: AKAM) is -8.27% lower on its value in year-to-date trading and has touched a low of $74.07 and a high of $129.17 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 $108.97 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $108.56, the stock is -0.78% and -6.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -0.38% at the moment leaves the stock 1.38% off its SMA200. AKAM registered 44.65% gain for a year compared to 6-month gain of 0.94%. The firm has a 50-day simple moving average (SMA 50) of $5.28 and a 200-day simple moving average (SMA200) of $16.21.
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The stock witnessed a 0.36% loss in the last 1 month and extending the period to 3 months gives it a -9.15%, and is 0.64% 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 1.23% over the week and 1.57% over the month.
Akamai Technologies Inc (AKAM) has around 10250 employees, a market worth around $16.45B and $3.81B in sales. Current P/E ratio is 30.81 and Fwd P/E is 14.78. Profit margin for the company is 14.37%. Distance from 52-week low is 46.56% and -15.96% from its 52-week high. The company has generated returns on investments over the last 12 months (6.15%).
Akamai Technologies Inc quarterly earnings per share for the current quarter are estimated at $1.61 with sales reaching $989.26M over the same period.The EPS is expected to grow by 8.59% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.
Akamai Technologies Inc (AKAM) Top Institutional Holders
1,150 institutions hold shares in Akamai Technologies Inc (AKAM), with institutional investors hold 100.72% of the company’s shares. The shares outstanding are 151.23M, and float is at 148.68M with Short Float at 5.31%. Institutions hold 98.85% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 18.06 million shares valued at $1.62 billion. The investor’s holdings represent 11.90% of the AKAM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.13 million shares valued at $1.36 billion to account for 9.97% of the shares outstanding. The other top investors are State Street Corporation which holds 6.81 million shares representing 4.49% and valued at over $612.31 million, while Nordea Investment Management AB holds 2.89% of the shares totaling 4.38 million with a market value of $393.46 million.
Akamai Technologies Inc (AKAM) Insider Activity
The most recent transaction is an insider sale by Karon Adam,the company’sCOO & GM Edge Technology Group. SEC filings show that Karon Adam sold 14,349 shares of the company’s common stock on Mar 22 ’24 at a price of $109.78 per share for a total of $1.58 million. Following the sale, the insider now owns 6697.0 shares.
Akamai Technologies Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Karon Adam (COO & GM Edge Technology Group) sold a total of 8,394 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $108.26 per share for $0.91 million. Following the transaction, the insider now directly holds 21046.0 shares of the AKAM stock.
Still, SEC filings show that on Mar 15 ’24, Joseph Paul C (EVP – Global Sales) disposed off 4,000 shares at an average price of $108.09 for $0.43 million. The insider now directly holds 34,595 shares of Akamai Technologies Inc (AKAM).
