Akamai Technologies Inc (NASDAQ: AKAM) is -23.20% lower on its value in year-to-date trading and has touched a low of $67.51 and a high of $106.80 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 $73.81 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $73.46, the stock is -4.72% and -11.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -0.47% at the moment leaves the stock -21.78% off its SMA200. AKAM registered -27.50% loss for a year compared to 6-month loss of -28.88%. The firm has a 50-day simple moving average (SMA 50) of $83.2518 and a 200-day simple moving average (SMA200) of $93.9096.
The stock witnessed a -10.86% gain in the last 1 month and extending the period to 3 months gives it a -18.83%, and is 1.24% 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 2.43% over the week and 3.75% over the month.
Akamai Technologies Inc (AKAM) has around 10700 employees, a market worth around $10.73B and $3.99B in sales. Current P/E ratio is 22.51 and Fwd P/E is 10.96. Profit margin for the company is 12.65%. Distance from 52-week low is 8.81% and -31.22% 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 -3.37% this year, but quarterly earnings will post 3.00% year-over-year. Quarterly sales are estimated to grow 2.51% in year-over-year returns.
Akamai Technologies Inc (AKAM) Top Institutional Holders
1020.0 institutions hold shares in Akamai Technologies Inc (AKAM), with institutional investors hold 102.64% of the company’s shares. The shares outstanding are 150.03M, and float is at 143.14M with Short Float at 4.60%. Institutions hold 100.66% 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).
