What Will Happen to Limelight Networks, Inc. (LLNW) Next? The Stock Just Increased A Lot

April 22, 2018 - By Peter Erickson

Limelight Networks, Inc. (NASDAQ:LLNW) Logo

Investors sentiment increased to 1.9 in 2017 Q4. Its up 0.42, from 1.48 in 2017Q3. It increased, as 8 investors sold Limelight Networks, Inc. shares while 32 reduced holdings. 42 funds opened positions while 34 raised stakes. 70.76 million shares or 7.86% less from 76.79 million shares in 2017Q3 were reported.
Bridgeway Cap Management Incorporated has 59,700 shares. Cannell Ltd Liability Corp has 149,900 shares for 0.19% of their portfolio. Schwab Charles Inc owns 154,760 shares. Acadian Asset Mngmt Ltd Limited Liability Company reported 41,481 shares or 0% of all its holdings. Art holds 0.01% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW) for 68,070 shares. Metropolitan Life Ins has invested 0% in Limelight Networks, Inc. (NASDAQ:LLNW). Gsa Ptnrs Llp invested in 0.06% or 237,098 shares. Jacobs Levy Equity invested 0.02% in Limelight Networks, Inc. (NASDAQ:LLNW). Jpmorgan Chase owns 1.63 million shares. Millennium Mngmt Limited Liability Corp, a New York-based fund reported 1.70 million shares. Ubs Asset Management Americas Incorporated invested in 19,900 shares or 0% of the stock. Banque Pictet Cie reported 0.16% in Limelight Networks, Inc. (NASDAQ:LLNW). Proshare Advsrs Lc holds 0% or 11,173 shares. Moreover, State Board Of Administration Of Florida Retirement has 0% invested in Limelight Networks, Inc. (NASDAQ:LLNW). Peak6 Investments Lp accumulated 8,838 shares or 0% of the stock.

Since March 1, 2018, it had 0 insider buys, and 7 insider sales for $116.42 million activity. 40,000 shares valued at $168,400 were sold by LENTO ROBERT A on Monday, April 2. 586 shares were sold by Vonderhaar George, worth $2,637 on Tuesday, March 13. Shares for $58.04 million were sold by GOLDMAN SACHS GROUP INC.

The stock of Limelight Networks, Inc. (NASDAQ:LLNW) is a huge mover today! The stock increased 21.71% or $0.89 during the last trading session, reaching $4.99. About 11.88 million shares traded or 964.17% up from the average. Limelight Networks, Inc. (NASDAQ:LLNW) has risen 66.67% since April 22, 2017 and is uptrending. It has outperformed by 55.12% the S&P500.
The move comes after 8 months positive chart setup for the $553.03M company. It was reported on Apr, 22 by Barchart.com. We have $5.29 PT which if reached, will make NASDAQ:LLNW worth $33.18M more.

Limelight Networks, Inc. (NASDAQ:LLNW) Ratings Coverage

Among 2 analysts covering Limelight Networks (NASDAQ:LLNW), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Limelight Networks had 6 analyst reports since December 4, 2017 according to SRatingsIntel. The stock has “Buy” rating by FBR Capital on Tuesday, April 17. The stock of Limelight Networks, Inc. (NASDAQ:LLNW) earned “Buy” rating by FBR Capital on Thursday, January 18. The firm earned “Buy” rating on Monday, April 16 by Oppenheimer. FBR Capital maintained it with “Buy” rating and $6.0 target in Wednesday, December 13 report. The company was maintained on Monday, March 5 by FBR Capital.

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 has market cap of $553.03 million. The firm offers services and solutions for businesses to deliver their digital content across Internet, mobile, and social channels. It currently has negative earnings. 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.

Limelight Networks, Inc. (NASDAQ:LLNW) Institutional Positions Chart

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