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New Big Money Means Akamai Technologies Inc (AKAM) Investors Could Reap Benefit

Akamai Technologies Inc (NASDAQ: AKAM) is -20.76% lower on its value in year-to-date trading and has touched a low of $87.59 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 $92.48 in the last trading session, with the day’s gains setting it 1.3%.

Currently trading at $93.78, the stock is 4.56% and 0.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 1.41% at the moment leaves the stock -12.46% off its SMA200. AKAM registered 3.25% gain for a year compared to 6-month loss of -19.15%.

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The stock witnessed a 5.16% gain in the last 1 month and extending the period to 3 months gives it a -12.82%, and is 3.26% 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 1.78% over the week and 1.70% over the month.

Akamai Technologies Inc (AKAM) has around 10250 employees, a market worth around $14.28B and $3.88B in sales. Current P/E ratio is 23.35 and Fwd P/E is 13.91. Profit margin for the company is 16.12%. Distance from 52-week low is 7.07% and -27.40% from its 52-week high. The company has generated returns on investments over the last 12 months (6.98%).

The EPS is expected to grow by 1.76% this year

The shares outstanding are 151.23M, and float is at 149.47M with Short Float at 4.92%.

Akamai Technologies Inc (AKAM) Insider Activity

The most recent transaction is an insider sale by Blumofe Robert, the company’s Chief Technology Officer. SEC filings show that Blumofe Robert sold 3,000 shares of the company’s common stock on Jun 14 ’24 at a price of $88.34 per share for a total of $0.27 million. Following the sale, the insider now owns 24729.0 shares.

Akamai Technologies Inc disclosed in a document filed with the SEC on Jun 14 ’24 that Blumofe Robert (Chief Technology Officer) sold a total of 219 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $88.34 per share for $19346.0. Following the transaction, the insider now directly holds 24510.0 shares of the AKAM stock.

Still, SEC filings show that on May 28 ’24, Wagner William Raymond (Director) disposed off 1,000 shares at an average price of $93.54 for $93540.0. The insider now directly holds 14,519 shares of Akamai Technologies Inc (AKAM).

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