Akamai Technologies Inc (NASDAQ: AKAM) is -5.38% 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 $90.52 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $90.50, the stock is -3.72% and -4.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.02% at the moment leaves the stock -6.78% off its SMA200. AKAM registered -23.61% loss for a year compared to 6-month gain of -6.88%. The firm has a 50-day simple moving average (SMA 50) of $94.5946 and a 200-day simple moving average (SMA200) of $97.0797.
The stock witnessed a -8.81% loss in the last 1 month and extending the period to 3 months gives it a -12.38%, and is -3.06% 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 2.35% over the week and 2.26% over the month.
Akamai Technologies Inc (AKAM) has around 10250 employees, a market worth around $13.60B and $3.97B in sales. Current P/E ratio is 26.81 and Fwd P/E is 13.62. Profit margin for the company is 13.27%. Distance from 52-week low is 6.85% and -29.94% 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 2.17% this year, but quarterly earnings will post 4.55% year-over-year. Quarterly sales are estimated to grow 1.94% in year-over-year returns.
1039.0 institutions hold shares in Akamai Technologies Inc (AKAM), with institutional investors hold 99.89% of the company’s shares. The shares outstanding are 150.62M, and float is at 147.40M with Short Float at 6.25%. Institutions hold 98.07% 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 3.2012 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 Joseph Paul C, the company’s EVP – Global Sales. SEC filings show that Joseph Paul C sold 4,000 shares of the company’s common stock on Jan 15 ’25 at a price of $91.57 per share for a total of $0.37 million. Following the sale, the insider now owns 23104.0 shares.
Still, SEC filings show that on Dec 16 ’24, McGowan Edward J (Chief Financial Officer) disposed off 10,782 shares at an average price of $98.71 for $1.06 million. The insider now directly holds 12,716 shares of Akamai Technologies Inc (AKAM).
