.jpg "Limelight Networks (NASDAQ: LLNW)")
Today, a Director at Limelight Networks (NASDAQ: LLNW), David Peterschmidt, bought shares of LLNW for $61K.
Following this transaction David Peterschmidt’s holding in the company was increased by 11.24% to a total of $889.4K. Following David Peterschmidt’s last LLNW Buy transaction on February 15, 2017, the stock climbed by 2.6%.
See today’s analyst top recommended stocks >>
Based on Limelight Networks’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $52.11 million and quarterly net profit of $149K. In comparison, last year the company earned revenue of $44.74 million and had a GAAP net loss of $3.34 million. Currently, Limelight Networks has an average volume of 1.39M.
Nine different firms, including B.Riley FBR and Cowen & Co., currently also have a Buy rating on the stock. Starting in February 2018, LLNW received 7 Buy ratings in a row.
In the last 30 days, insiders have sold $514K worth of LLNW shares and purchased $61K worth of LLNW shares. The insider sentiment on Limelight Networks has been negative according to 70 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Limelight Networks, Inc. is engages in the provision of digital content delivery solutions. It offers cloud security, content delivery, video content management, website and web application acceleration, website and content security, and cloud storage services. It serves to the software, device manufactures, media, broad casters and gaming industries.
