David Peterschmidt Sells 20,000 Shares of Limelight Networks, Inc. (NASDAQ:LLNW) Stock

Limelight Networks, Inc. (NASDAQ:LLNW) Director David Peterschmidt sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $7.03, for a total transaction of $140,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

David Peterschmidt also recently made the following trade(s):

  • On Thursday, June 4th, David Peterschmidt sold 29,699 shares of Limelight Networks stock. The shares were sold at an average price of $4.80, for a total transaction of $142,555.20.
  • On Tuesday, June 2nd, David Peterschmidt sold 20,000 shares of Limelight Networks stock. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00.
  • On Thursday, April 16th, David Peterschmidt sold 29,594 shares of Limelight Networks stock. The shares were sold at an average price of $6.71, for a total transaction of $198,575.74.
  • On Tuesday, April 14th, David Peterschmidt sold 108,931 shares of Limelight Networks stock. The shares were sold at an average price of $6.37, for a total transaction of $693,890.47.
  • On Tuesday, April 7th, David Peterschmidt sold 300 shares of Limelight Networks stock. The stock was sold at an average price of $6.00, for a total transaction of $1,800.00.
  • On Tuesday, March 31st, David Peterschmidt sold 1,200 shares of Limelight Networks stock. The stock was sold at an average price of $6.00, for a total transaction of $7,200.00.

NASDAQ:LLNW opened at $7.41 on Wednesday. The company has a market capitalization of $898.65 million, a PE ratio of -74.10 and a beta of 0.98. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.08. Limelight Networks, Inc. has a 52-week low of $2.20 and a 52-week high of $7.99. The stock has a fifty day simple moving average of $5.42 and a 200-day simple moving average of $5.11.

Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings results on Thursday, April 23rd. The information services provider reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $57.01 million during the quarter, compared to the consensus estimate of $54.66 million. Limelight Networks had a negative return on equity of 7.90% and a negative net margin of 5.94%. The business’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. As a group, equities analysts anticipate that Limelight Networks, Inc. will post -0.08 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in LLNW. State Street Corp increased its stake in shares of Limelight Networks by 5.1% during the 1st quarter. State Street Corp now owns 2,393,973 shares of the information services provider’s stock valued at $13,646,000 after acquiring an additional 115,212 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Limelight Networks during the 1st quarter valued at about $359,000. Advisor Group Holdings Inc. acquired a new position in shares of Limelight Networks during the 1st quarter valued at about $43,000. Paloma Partners Management Co acquired a new position in shares of Limelight Networks during the 1st quarter valued at about $68,000. Finally, Jane Street Group LLC acquired a new position in shares of Limelight Networks during the 1st quarter valued at about $121,000. 80.32% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on LLNW shares. B. Riley upped their price objective on shares of Limelight Networks from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Northland Securities assumed coverage on shares of Limelight Networks in a research note on Friday, June 19th. They issued a “buy” rating and a $8.00 price objective for the company. BidaskClub raised shares of Limelight Networks from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a report on Thursday, June 25th. Finally, Lake Street Capital started coverage on shares of Limelight Networks in a research report on Monday, June 22nd. They issued a “buy” rating and a $8.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.19.

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, social, and other digital initiatives.

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

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