Akamai Technologies Inc (NASDAQ: AKAM) is -20.18% lower on its value in year-to-date trading and has touched a low of $67.63 and a high of $107.60 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 $68.21 in the last trading session, with the day’s gains setting it 8.14%.
Currently trading at $76.35, the stock is -3.82% and -11.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.89 million and changing 11.93% at the moment leaves the stock -19.10% off its SMA200. AKAM registered -27.85% loss for a year compared to 6-month loss of -24.53%. The firm has a 50-day simple moving average (SMA 50) of $86.412 and a 200-day simple moving average (SMA200) of $94.37175.
The stock witnessed a -5.33% gain in the last 1 month and extending the period to 3 months gives it a -17.50%, and is -6.47% 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 7.74% over the week and 3.67% over the month.
Akamai Technologies Inc (AKAM) has around 10700 employees, a market worth around $11.16B and $3.99B in sales. Current P/E ratio is 23.40 and Fwd P/E is 11.38. Profit margin for the company is 12.65%. Distance from 52-week low is 12.89% and -29.04% from its 52-week high. The company has generated returns on investments over the last 12 months (6.23%).
with sales reaching $1.01B over the same period.The EPS is expected to shrink by -3.35% this year, but quarterly earnings will post 2.93% year-over-year. Quarterly sales are estimated to grow 2.52% in year-over-year returns.
1024.0 institutions hold shares in Akamai Technologies Inc (AKAM), with institutional investors hold 102.70% of the company’s shares. The shares outstanding are 150.03M, and float is at 143.14M with Short Float at 5.49%. Institutions hold 100.72% 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 9.3529 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 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 Mar 18 ’25 at a price of $83.37 per share for a total of $0.33 million. Following the sale, the insider now owns 37217.0 shares.
Still, SEC filings show that on Mar 17 ’25, Williams Anthony P (EVP and CHRO) disposed off 9,500 shares at an average price of $82.19 for $0.78 million. The insider now directly holds 16,517 shares of Akamai Technologies Inc (AKAM).
