Akamai Technologies Inc (NASDAQ: AKAM) is -12.02% lower on its value in year-to-date trading and has touched a low of $75.50 and a high of $113.36 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 $87.52 in the last trading session, with the day’s loss setting it -3.37%.
Currently trading at $84.15, the stock is -5.07% and -9.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.87 million and changing -3.85% at the moment leaves the stock -11.99% off its SMA200. AKAM registered -23.61% loss for a year compared to 6-month gain of -15.10%.
The stock witnessed a -15.52% loss in the last 1 month and extending the period to 3 months gives it a -14.39%, and is 3.89% 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 3.87% over the week and 3.70% over the month.
Akamai Technologies Inc (AKAM) has around 10700 employees, a market worth around $12.66B and $3.99B in sales. Current P/E ratio is 25.79 and Fwd P/E is 12.52. Profit margin for the company is 12.65%. Distance from 52-week low is 11.46% and -25.77% from its 52-week high. The company has generated returns on investments over the last 12 months (6.23%).
The EPS is expected to shrink by -3.19% this year.
Akamai Technologies Inc (AKAM) Top Institutional Holders
The shares outstanding are 150.03M, and float is at 147.25M with Short Float at 6.97%.
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 4.4839% 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 Karon Adam, the company’s COO & GM Edge Technology Group. SEC filings show that Karon Adam sold 5,628 shares of the company’s common stock on Mar 10 ’25 at a price of $86.20 per share for a total of $0.49 million. Following the sale, the insider now owns 24597.0 shares.
Akamai Technologies Inc disclosed in a document filed with the SEC on Mar 10 ’25 that McGowan Edward J (Chief Financial Officer) sold a total of 4,652 shares of the company’s common stock. The trade occurred on Mar 10 ’25 and was made at $86.48 per share for $0.4 million. Following the transaction, the insider now directly holds 34510.0 shares of the AKAM stock.
Still, SEC filings show that on Mar 10 ’25, McGowan Edward J (Officer) Proposed Sale 4,652 shares at an average price of $86.48 for $0.4 million. The insider now directly holds shares of Akamai Technologies Inc (AKAM).
