.jpg "Limelight Networks (NASDAQ: LLNW)")
Today, the CAO of Limelight Networks (NASDAQ: LLNW), Daniel Boncel, sold shares of LLNW for $514K.
In addition to Daniel Boncel, 5 other LLNW executives reported Sell trades in the last month. Following Daniel Boncel’s last LLNW Sell transaction on March 04, 2015, the stock climbed by 1.5%.
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. The company has a one-year high of $6.05 and a one-year low of $2.72. Currently, Limelight Networks has an average volume of 873.5K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $6.25, reflecting a -18.7% downside.
In the last 30 days, insiders have sold $1.66M worth of LLNW shares and purchased $202.8K worth of LLNW shares. The insider sentiment on Limelight Networks has been neutral according to 64 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Daniel Boncel’s trades have generated a 13.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. 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, origin storage and video delivery services. It serves to the software, device manufactures, media, broad casters and gaming industries. The company was founded by Michael M. Gordon, Nathan F. Raciborski and William H.
