Limelight Networks SVP Kurt Silverman Purchases 15,000 Shares (LLNW)
Limelight Networks (NASDAQ:LLNW) SVP Kurt Silverman acquired 15,000 shares of Limelight Networks stock on the open market in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $2.30 per share, with a total value of $34,500.00. Following the transaction, the senior vice president now directly owns 290,000 shares of the company’s stock, valued at approximately $667,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Limelight Networks (NASDAQ:LLNW) traded up 2.62% during mid-day trading on Thursday, hitting $2.35. 440,143 shares of the company’s stock traded hands. Limelight Networks has a 52 week low of $1.82 and a 52 week high of $3.25. The stock’s 50-day moving average is $2.59 and its 200-day moving average is $2.40. The company’s market cap is $231.3 million.
Limelight Networks (NASDAQ:LLNW) last released its earnings data on Monday, August 4th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.03. The company had revenue of $41.30 million for the quarter, compared to the consensus estimate of $39.62 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts predict that Limelight Networks will post $-0.22 earnings per share for the current fiscal year.
Separately, analysts at DA Davidson raised their price target on shares of Limelight Networks from $3.00 to $4.50 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock.
Limelight Networks, Inc (NASDAQ:LLNW) operates a globally distributed, high-performance computing platform (its global computing platform) and provides a suite of integrated services including content delivery, Web and video content management, mobility, Web application acceleration, cloud storage, and related consulting services that enable companies to create, manage, and deliver a global digital presence.
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