The SVP Strat, Corp Dev & IR of Limelight Networks, Inc. (NASDAQ: LLNW) is Buying Shares

Yesterday, the SVP Strat, Corp Dev & IR of Limelight Networks, Inc. (NASDAQ: LLNW), Sajid Malhotra, bought shares of LLNW for $61.25k.

Sajid Malhotra increased his holding by 3.63% to a total of $1.73.

Based on Limelight Networks` latest earnings report from June 30, the company posted quarterly revenue of $43.8M and GAAP net loss of $6.36M. In comparison, last year the company earned revenue of $41.34M and had a GAAP net loss of $6.87M. The company has a one year high of $4.43 and a one year low of $2.11. Currently, Limelight Networks has an average volume of 414.1k.

Six different firms, including Pacific Crest and Piper Jaffray, currently also have a Buy rating on the stock.

Looking at blogger coverage of LLNW, there is a 100% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Limelight Networks has been negative based on 66 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Limelight Networks Inc operates a computing platform. The Company provides services including content delivery services, video content management services, performance services for website and web application acceleration, and cloud storage services.