Institutional Investors Are Betting On Limelight Networks Inc (NASDAQ:LLNW)

June 15, 2018 - By Ash

Limelight Networks, Inc. (NASDAQ:LLNW) Logo

Sentiment for Limelight Networks Inc (NASDAQ:LLNW)

Limelight Networks Inc (NASDAQ:LLNW) institutional sentiment increased to 2.23 in 2018 Q1. Its up 0.33, from 1.9 in 2017Q4. The ratio has increased, as 78 institutional investors increased and started new equity positions, while 35 decreased and sold their holdings in Limelight Networks Inc. The institutional investors in our partner’s database reported: 71.10 million shares, up from 70.76 million shares in 2017Q4. Also, the number of institutional investors holding Limelight Networks Inc in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 13 Reduced: 22 Increased: 59 New Position: 19.

Limelight Networks, Inc. provides content delivery network services to deliver digital content over the Internet in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company has market cap of $566.58 million. The firm offers the Orchestrate Platform, a suite of integrated services, which include content delivery services, mobile delivery services, video content management services, performance services for Website and Web application acceleration and security, cloud storage services for various devices, and cloud content security services. It currently has negative earnings. It also offers professional services and other infrastructure services, such as transit and rack space services.

The stock decreased 0.19% or $0.01 during the last trading session, reaching $5.12. About 448,964 shares traded. Limelight Networks, Inc. (NASDAQ:LLNW) has risen 64.61% since June 15, 2017 and is uptrending. It has outperformed by 52.04% the S&P500.

Harvey Partners Llc holds 4.41% of its portfolio in Limelight Networks, Inc. for 725,000 shares. Quaker Capital Investments Llc owns 2.47 million shares or 3.59% of their US portfolio. Moreover, First Washington Corp has 3.46% invested in the company for 1.63 million shares. The Wyoming-based Cannell Capital Llc has invested 2.04% in the stock. Rk Capital Management Llc, a Colorado-based fund reported 2.11 million shares.

Since January 1, 0001, it had 0 insider buys, and 20 insider sales for $117.94 million activity.

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

Ratings analysis reveals 100% of Limelight Networks’s analysts are positive. Out of 2 Wall Street analysts rating Limelight Networks, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $600 while the high is $6.0. The stock’s average target of $6 is 17.19% above today’s ($5.12) share price. LLNW was included in 4 notes of analysts from January 18, 2018. FBR Capital maintained Limelight Networks, Inc. (NASDAQ:LLNW) on Tuesday, April 17 with “Buy” rating. The firm earned “Buy” rating on Thursday, January 18 by FBR Capital. The stock of Limelight Networks, Inc. (NASDAQ:LLNW) has “Buy” rating given on Monday, March 5 by FBR Capital. Oppenheimer initiated the shares of LLNW in report on Monday, April 16 with “Buy” rating.

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

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