Limelight Networks (LLNW) SVP Kurt Silverman Sells 15,000 Shares of Stock

Limelight Networks (NASDAQ:LLNW) SVP Kurt Silverman sold 15,000 shares of the stock in a transaction on Friday, April 20th. The stock was sold at an average price of $5.01, for a total value of $75,150.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ:LLNW opened at $4.90 on Wednesday. The firm has a market capitalization of $544.45, a price-to-earnings ratio of 492.00 and a beta of 2.42. Limelight Networks has a 1 year low of $2.68 and a 1 year high of $6.05.

Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings results on Thursday, April 19th. The information services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Limelight Networks had a positive return on equity of 1.50% and a negative net margin of 2.16%. The business had revenue of $52.11 million during the quarter, compared to analysts’ expectations of $48.17 million. During the same quarter last year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis.

Several equities research analysts recently weighed in on LLNW shares. ValuEngine downgraded Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Zacks Investment Research raised Limelight Networks from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a report on Friday, April 6th. B. Riley reaffirmed a “buy” rating and set a $6.00 price target on shares of Limelight Networks in a report on Thursday, January 18th. BidaskClub downgraded Limelight Networks from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Oppenheimer started coverage on Limelight Networks in a report on Monday, April 16th. They set an “outperform” rating and a $6.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $5.60.

Hedge funds have recently made changes to their positions in the company. Investors Research Corp purchased a new position in shares of Limelight Networks in the fourth quarter valued at $121,000. Teacher Retirement System of Texas purchased a new position in shares of Limelight Networks in the fourth quarter valued at $129,000. J. Goldman & Co LP purchased a new position in shares of Limelight Networks in the fourth quarter valued at $161,000. BlueCrest Capital Management Ltd purchased a new stake in Limelight Networks during the 4th quarter worth about $163,000. Finally, Cypress Capital Management LLC WY purchased a new stake in Limelight Networks during the 4th quarter worth about $272,000. Institutional investors and hedge funds own 69.16% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Limelight Networks (NASDAQ:LLNW)

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