Investors must take note of Akamai Technologies Inc’s (AKAM) performance last week, which was -0.82%.

On Tuesday, Akamai Technologies Inc (NASDAQ: AKAM) opened lower -0.84% from the last session, before settling in for the closing price of $101.78. Price fluctuations for AKAM have ranged from $76.85 to $129.17 over the past 52 weeks.

Annual sales at Technology sector company grew by 7.05% over the past five years. Company’s average yearly earnings per share was noted 8.59% at the time writing. With a float of $148.71 million, this company’s outstanding shares have now reached $151.23 million.

Let’s look at the performance matrix of the company that is accounted for 10250 employees.

Akamai Technologies Inc (AKAM) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Akamai Technologies Inc is 1.86%, while institutional ownership is 96.28%. The most recent insider transaction that took place on Mar 22 ’24, was worth 1,575,233. In this transaction COO & GM Edge Technology Group of this company sold 14,349 shares at a rate of $109.78, taking the stock ownership to the 6,697 shares. Before that another transaction happened on Mar 15 ’24, when Company’s COO & GM Edge Technology Group sold 8,394 for $108.26, making the entire transaction worth $908,734. This insider now owns 21,046 shares in total.

Akamai Technologies Inc (AKAM) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 8.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.60% during the next five years compared to 14.90% growth over the previous five years of trading.

Akamai Technologies Inc (NASDAQ: AKAM) Trading Performance Indicators

Check out the current performance indicators for Akamai Technologies Inc (AKAM). In the past quarter, the stock posted a quick ratio of 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.01. Likewise, its price to free cash flow for the trailing twelve months is 24.73.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.52, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 7.34 in one year’s time.

Technical Analysis of Akamai Technologies Inc (AKAM)

Akamai Technologies Inc (NASDAQ: AKAM) saw its 5-day average volume 1.07 million, a negative change from its year-to-date volume of 1.6 million. As of the previous 9 days, the stock’s Stochastic %D was 53.01%. Additionally, its Average True Range was 1.57.

During the past 100 days, Akamai Technologies Inc’s (AKAM) raw stochastic average was set at 3.12%, which indicates a significant decrease from 14.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.04% in the past 14 days, which was lower than the 20.99% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $106.67, while its 200-day Moving Average is $108.86. Nevertheless, the first resistance level for the watch stands at $101.56 in the near term. At $102.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $102.64. If the price goes on to break the first support level at $100.49, it is likely to go to the next support level at $100.05. The third support level lies at $99.41 if the price breaches the second support level.

Akamai Technologies Inc (NASDAQ: AKAM) Key Stats

There are currently 151,530K shares outstanding in the company with a market cap of 15.29 billion. Presently, the company’s annual sales total 3,812 M according to its annual income of 547,630 K. Last quarter, the company’s sales amounted to 995,020 K and its income totaled 161,170 K.