Limelight Networks, Inc. (LLNW) Insider Kurt Silverman Sells 7,500 Shares

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Limelight Networks, Inc. (NASDAQ:LLNW) insider Kurt Silverman sold 7,500 shares of Limelight Networks stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $5.00, for a total transaction of $37,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kurt Silverman also recently made the following trade(s):

  • On Monday, October 1st, Kurt Silverman sold 7,500 shares of Limelight Networks stock. The stock was sold at an average price of $5.00, for a total transaction of $37,500.00.
  • On Thursday, August 30th, Kurt Silverman sold 7,500 shares of Limelight Networks stock. The stock was sold at an average price of $5.00, for a total transaction of $37,500.00.
  • On Friday, July 20th, Kurt Silverman sold 7,500 shares of Limelight Networks stock. The stock was sold at an average price of $5.00, for a total transaction of $37,500.00.

Shares of Limelight Networks stock traded up $0.08 on Friday, hitting $4.82. 859,185 shares of the company’s stock were exchanged, compared to its average volume of 967,721. The stock has a market capitalization of $565.46 million, a PE ratio of -241.00, a P/E/G ratio of 12.17 and a beta of 2.33. Limelight Networks, Inc. has a 1 year low of $3.69 and a 1 year high of $6.05.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Thursday, July 19th. The information services provider reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Limelight Networks had a net margin of 6.43% and a return on equity of 1.99%. The business had revenue of $50.25 million for the quarter, compared to analysts’ expectations of $49.64 million. During the same quarter last year, the company posted $0.03 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Limelight Networks, Inc. will post 0.03 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LLNW. Campbell & CO Investment Adviser LLC purchased a new position in shares of Limelight Networks during the 2nd quarter valued at $125,000. Macquarie Group Ltd. purchased a new position in shares of Limelight Networks during the 2nd quarter valued at $139,000. WINTON GROUP Ltd purchased a new position in shares of Limelight Networks during the 1st quarter valued at $172,000. MetLife Investment Advisors LLC lifted its stake in shares of Limelight Networks by 172.6% during the 1st quarter. MetLife Investment Advisors LLC now owns 43,835 shares of the information services provider’s stock valued at $180,000 after buying an additional 27,754 shares in the last quarter. Finally, Cim Investment Mangement Inc. purchased a new position in shares of Limelight Networks during the 2nd quarter valued at $182,000. Institutional investors own 72.84% of the company’s stock.

Several research analysts have recently weighed in on LLNW shares. TheStreet upgraded shares of Limelight Networks from a “c” rating to a “b-” rating in a research note on Thursday, July 19th. Cowen reiterated a “buy” rating and set a $6.50 price target on shares of Limelight Networks in a research note on Friday, July 20th. Craig Hallum started coverage on shares of Limelight Networks in a research note on Monday, August 27th. They set a “buy” rating and a $6.00 price target on the stock. DA Davidson set a $7.00 price target on shares of Limelight Networks and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, ValuEngine cut shares of Limelight Networks from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $6.21.

About Limelight Networks

Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, and social channels. It provides Orchestrate Platform, a suite of integrated services comprising content delivery, video content management, Website and Web application acceleration, Website and content security, and cloud storage services.

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