Limelight Networks, Inc. (NASDAQ:LLNW) insider Kurt Silverman sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $5.00, for a total transaction of $37,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, October 1st, Kurt Silverman sold 7,500 shares of Limelight Networks stock. The shares were 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 shares were 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 shares were sold at an average price of $5.00, for a total transaction of $37,500.00.

NASDAQ:LLNW traded up $0.08 during trading hours on Friday, reaching $4.82. The company had a trading volume of 859,185 shares, compared to its average volume of 967,721. Limelight Networks, Inc. has a 52 week low of $3.69 and a 52 week high of $6.05. The company has a market cap of $565.46 million, a PE ratio of -241.00, a price-to-earnings-growth ratio of 12.17 and a beta of 2.33.

Limelight Networks (NASDAQ:LLNW) last posted its earnings results on Thursday, July 19th. The information services provider reported $0.04 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $49.64 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, equities analysts predict that Limelight Networks, Inc. will post 0.03 earnings per share for the current year.

LLNW has been the subject of a number of analyst reports. DA Davidson set a $7.00 target price on shares of Limelight Networks and gave the company a “buy” rating in a research note on Monday, October 8th. BidaskClub raised shares of Limelight Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, August 24th. Cowen reissued a “buy” rating and set a $6.50 price target on shares of Limelight Networks in a research report on Friday, July 20th. Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “strong-buy” rating and set a $5.75 price target for the company in a research report on Wednesday, June 20th. Finally, ValuEngine downgraded shares of Limelight Networks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $6.21.

Large investors have recently bought and sold shares of the business. Strs Ohio grew its position in Limelight Networks by 8.0% in the 2nd quarter. Strs Ohio now owns 160,700 shares of the information services provider’s stock worth $718,000 after purchasing an additional 11,900 shares during the period. United Services Automobile Association grew its position in Limelight Networks by 38.6% in the 2nd quarter. United Services Automobile Association now owns 1,767,744 shares of the information services provider’s stock worth $7,902,000 after purchasing an additional 492,658 shares during the period. Dynamic Technology Lab Private Ltd grew its position in Limelight Networks by 94.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 100,268 shares of the information services provider’s stock worth $448,000 after purchasing an additional 48,645 shares during the period. Federated Investors Inc. PA grew its position in Limelight Networks by 175.3% in the 2nd quarter. Federated Investors Inc. PA now owns 1,656,448 shares of the information services provider’s stock worth $7,404,000 after purchasing an additional 1,054,673 shares during the period. Finally, BlueMountain Capital Management LLC grew its position in Limelight Networks by 307.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 127,167 shares of the information services provider’s stock worth $568,000 after purchasing an additional 95,983 shares during the period. 72.84% of the stock is owned by institutional investors and hedge funds.

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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