Akamai Technologies Inc (NASDAQ: AKAM) is -20.08% lower on its value in year-to-date trading and has touched a low of $84.70 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 $94.12 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $94.58, the stock is -1.96% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 0.49% at the moment leaves the stock -3.88% off its SMA200. AKAM registered -21.30% loss for a year compared to 6-month loss of 6.37%. The firm has a 50-day simple moving average (SMA 50) of $97.8734 and a 200-day simple moving average (SMA200) of $98.3952.
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The stock witnessed a 8.26% gain in the last 1 month and extending the period to 3 months gives it a -4.96%, and is -5.42% 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 2.28% over the week and 2.11% over the month.
Akamai Technologies Inc (AKAM) has around 10250 employees, a market worth around $14.21B and $3.97B in sales. Current P/E ratio is 28.02 and Fwd P/E is 14.25. Profit margin for the company is 13.27%. Distance from 52-week low is 11.66% and -26.78% from its 52-week high. The company has generated returns on investments over the last 12 months (6.54%).
The EPS is expected to grow by 2.21% this year
1052.0 institutions hold shares in Akamai Technologies Inc (AKAM), with institutional investors hold 100.62% of the company’s shares. The shares outstanding are 150.62M, and float is at 147.39M with Short Float at 6.10%. Institutions hold 98.80% 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 McGowan Edward J, the company’s Chief Financial Officer. SEC filings show that McGowan Edward J sold 10,782 shares of the company’s common stock on Dec 16 ’24 at a price of $98.71 per share for a total of $1.06 million. Following the sale, the insider now owns 12716.0 shares.
Still, SEC filings show that on Dec 13 ’24, Ahola Aaron (EVP & General Counsel) disposed off 3,500 shares at an average price of $99.26 for $0.35 million. The insider now directly holds 12,678 shares of Akamai Technologies Inc (AKAM).
