Limelight Networks, Inc. (NASDAQ:LLNW) insider George Vonderhaar sold 5,000 shares of Limelight Networks stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $5.00, for a total transaction of $25,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

George Vonderhaar also recently made the following trade(s):

  • On Monday, August 27th, George Vonderhaar sold 500 shares of Limelight Networks stock. The stock was sold at an average price of $4.81, for a total transaction of $2,405.00.
  • On Thursday, August 23rd, George Vonderhaar sold 800 shares of Limelight Networks stock. The shares were sold at an average price of $4.50, for a total transaction of $3,600.00.
  • On Wednesday, August 1st, George Vonderhaar sold 2,400 shares of Limelight Networks stock. The shares were sold at an average price of $4.51, for a total transaction of $10,824.00.
  • On Friday, August 3rd, George Vonderhaar sold 3,700 shares of Limelight Networks stock. The shares were sold at an average price of $4.51, for a total transaction of $16,687.00.
  • On Monday, July 2nd, George Vonderhaar sold 5,000 shares of Limelight Networks stock. The shares were sold at an average price of $4.52, for a total transaction of $22,600.00.

Shares of NASDAQ:LLNW traded up $0.07 during midday trading on Friday, hitting $4.80. The stock had a trading volume of 523,061 shares, compared to its average volume of 744,617. The stock has a market capitalization of $532.80 million, a PE ratio of -240.00, a PEG ratio of 11.47 and a beta of 2.27. Limelight Networks, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.05.

Limelight Networks (NASDAQ:LLNW) last issued its earnings results on Thursday, July 19th. The information services provider reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $50.25 million during the quarter, compared to analysts’ expectations of $49.64 million. Limelight Networks had a net margin of 6.43% and a return on equity of 1.99%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. sell-side analysts forecast that Limelight Networks, Inc. will post 0.03 EPS for the current fiscal year.

LLNW has been the subject of several analyst reports. TheStreet upgraded shares of Limelight Networks from a “c” rating to a “b-” rating in a research report on Thursday, July 19th. DA Davidson restated a “buy” rating on shares of Limelight Networks in a research report on Monday, July 16th. Craig Hallum initiated coverage on shares of Limelight Networks in a research report on Monday, August 27th. They issued a “buy” rating and a $6.00 target price for the company. ValuEngine cut shares of Limelight Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Cowen restated a “buy” rating and issued a $6.50 target price on shares of Limelight Networks in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $5.96.

Institutional investors have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC bought a new stake in shares of Limelight Networks during the 2nd quarter valued at approximately $125,000. Macquarie Group Ltd. bought a new stake in shares of Limelight Networks during the 2nd quarter valued at approximately $139,000. WINTON GROUP Ltd bought a new stake in shares of Limelight Networks during the 1st quarter valued at approximately $172,000. MetLife Investment Advisors LLC grew its holdings 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 purchasing an additional 27,754 shares during the last quarter. Finally, Cim Investment Mangement Inc. bought a new stake in shares of Limelight Networks during the 2nd quarter valued at approximately $182,000. 72.38% of the stock is currently owned by institutional investors.

Limelight Networks Company Profile

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

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