Akamai Technologies Inc (NASDAQ: AKAM) is -26.13% 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 $88.35 in the last trading session, with the day’s loss setting it -0.92%.
Currently trading at $87.43, the stock is -11.40% and -12.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing -1.04% at the moment leaves the stock -13.17% off its SMA200. AKAM registered -21.98% loss for a year compared to 6-month gain of -8.17%. The firm has a 50-day simple moving average (SMA 50) of $99.8366 and a 200-day simple moving average (SMA200) of $100.6871.
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The stock witnessed a -16.52% loss in the last 1 month and extending the period to 3 months gives it a -13.99%, and is -2.17% down 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 2.24% over the week and 2.27% over the month.
Akamai Technologies Inc (AKAM) has around 10250 employees, a market worth around $13.00B and $3.97B in sales. Current P/E ratio is 25.90 and Fwd P/E is 13.36. Profit margin for the company is 13.27%. Distance from 52-week low is -0.18% and -32.31% from its 52-week high. The company has generated returns on investments over the last 12 months (6.54%).
with sales reaching $1.01B over the same period.The EPS is expected to grow by 2.31% this year, but quarterly earnings will post 4.41% year-over-year. Quarterly sales are estimated to grow 1.36% in year-over-year returns.
Akamai Technologies Inc (AKAM) Top Institutional Holders
1049.0 institutions hold shares in Akamai Technologies Inc (AKAM), with institutional investors hold 100.59% of the company’s shares. The shares outstanding are 151.23M, and float is at 147.41M with Short Float at 6.18%. Institutions hold 98.74% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.05 million shares valued at $1.63 billion. The investor’s holdings represent 11.907% of the AKAM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.24 million shares valued at $1.28 billion to account for 9.3922 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.83 million shares representing 4.5027% and valued at over $615.01 million, while JPMORGAN CHASE & CO holds 3.2147 of the shares totaling 4.87 million with a market value of $439.08 million.
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 2,500 shares of the company’s common stock on Nov 15 ’24 at a price of $88.61 per share for a total of $0.22 million. Following the sale, the insider now owns 19510.0 shares.
Akamai Technologies Inc disclosed in a document filed with the SEC on Nov 15 ’24 that Joseph Paul C (EVP – Global Sales) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $88.63 per share for $0.35 million. Following the transaction, the insider now directly holds 26703.0 shares of the AKAM stock.
Still, SEC filings show that on Nov 15 ’24, Joseph Paul C (Officer) Proposed Sale 4,000 shares at an average price of $88.63 for $0.35 million. The insider now directly holds shares of Akamai Technologies Inc (AKAM).
