Limelight Networks, Inc. (LLNW) Shares Sold by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lowered its stake in Limelight Networks, Inc. (NASDAQ:LLNW) by 27.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 106,627 shares of the information services provider’s stock after selling 41,133 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.10% of Limelight Networks worth $422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Washington CORP grew its position in shares of Limelight Networks by 19.7% during the 2nd quarter. First Washington CORP now owns 1,478,176 shares of the information services provider’s stock valued at $4,272,000 after buying an additional 243,055 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Limelight Networks by 14.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 486,409 shares of the information services provider’s stock valued at $1,406,000 after buying an additional 60,752 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Limelight Networks by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,872,233 shares of the information services provider’s stock valued at $11,191,000 after buying an additional 50,901 shares during the last quarter. State Street Corp grew its position in shares of Limelight Networks by 10.4% during the 2nd 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 during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Limelight Networks by 6.7% during the 1st quarter. Geode Capital Management LLC now owns 477,917 shares of the information services provider’s stock valued at $1,233,000 after buying an additional 29,892 shares during the last quarter. 69.96% of the stock is owned by institutional investors.

In other Limelight Networks news, Director Mark J. Midle sold 15,000,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $4.35, for a total value of $65,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 37.60% of the stock is currently owned by corporate insiders.

Limelight Networks, Inc. (NASDAQ:LLNW) opened at $4.52 on Wednesday. Limelight Networks, Inc. has a 1 year low of $2.02 and a 1 year high of $6.05. The company has a market cap of $512.29, a PE ratio of -45.20 and a beta of 2.52.

Limelight Networks (NASDAQ:LLNW) last posted its earnings results on Wednesday, October 18th. The information services provider reported $0.02 EPS for the quarter. Limelight Networks had a negative net margin of 5.91% and a negative return on equity of 3.29%. The firm had revenue of $46.07 million during the quarter, compared to analysts’ expectations of $43.09 million. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. sell-side analysts forecast that Limelight Networks, Inc. will post -0.04 earnings per share for the current year.

LLNW has been the subject of a number of recent research reports. B. Riley reaffirmed a “buy” rating and set a $6.00 price objective on shares of Limelight Networks in a research report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Limelight Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Cowen reaffirmed an “outperform” rating and set a $6.00 price objective (up previously from $4.00) on shares of Limelight Networks in a research report on Thursday, October 19th. Finally, DA Davidson set a $5.50 price objective on shares of Limelight Networks and gave the company a “buy” rating in a research report on Monday, October 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Limelight Networks presently has an average rating of “Buy” and an average price target of $5.00.

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About Limelight Networks

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.

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Institutional Ownership by Quarter for Limelight Networks (NASDAQ:LLNW)

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