BlueCrest Capital Management Ltd acquired a new stake in Limelight Networks, Inc. (NASDAQ:LLNW) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,884 shares of the information services provider’s stock, valued at approximately $163,000.
A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Limelight Networks by 1.3% in the fourth quarter. BlackRock Inc. now owns 6,934,194 shares of the information services provider’s stock valued at $30,580,000 after buying an additional 88,510 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Limelight Networks by 102.6% in the fourth quarter. Hood River Capital Management LLC now owns 3,461,955 shares of the information services provider’s stock valued at $15,267,000 after buying an additional 1,753,125 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Limelight Networks by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,970,655 shares of the information services provider’s stock valued at $13,101,000 after buying an additional 462,800 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in Limelight Networks in the fourth quarter valued at about $8,314,000. Finally, State Street Corp boosted its stake in Limelight Networks by 10.4% in the second quarter. State Street Corp now owns 1,263,427 shares of the information services provider’s stock valued at $3,650,000 after buying an additional 118,836 shares in the last quarter. 68.96% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Goldman Sachs Group Inc sold 15,272,493 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $3.80, for a total transaction of $58,035,473.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Lento sold 40,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $4.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 15,317,793 shares of company stock worth $58,219,411 over the last three months. Insiders own 37.60% of the company’s stock.
Shares of Limelight Networks stock opened at $4.40 on Thursday. Limelight Networks, Inc. has a 12 month low of $2.35 and a 12 month high of $6.05. The company has a market capitalization of $479.88, a PE ratio of -62.85 and a beta of 2.43.
Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. Limelight Networks had a negative return on equity of 1.50% and a negative net margin of 4.14%. The firm had revenue of $48.19 million for the quarter, compared to analyst estimates of $47.74 million. During the same period last year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis.
LLNW has been the topic of several research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Limelight Networks in a research note on Monday, December 4th. Zacks Investment Research lowered Limelight Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, BidaskClub lowered Limelight Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Limelight Networks currently has a consensus rating of “Buy” and a consensus price target of $5.63.
Limelight Networks Company Profile
Limelight Networks, Inc operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels.
Receive News & Ratings for Limelight Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks and related companies with MarketBeat.com's FREE daily email newsletter.