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LIMELIGHT NETWORKS, INC. (LLNW) President, CEO and Chairman Jeffrey W Lunsford sells 5,000 Shares

February 03, 2011 | About:
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President, CEO and Chairman of LIMELIGHT NETWORKS, INC. (LLNW) Jeffrey W Lunsford sells 5,000 shares of LLNW on 02/01/2011 at an average price of $6.45 a share.

Limelight Netwk has a market cap of $644.3 million; its shares were traded at around $6.5 with and P/S ratio of 4.9.

Hedge Fund Gurus that owns LLNW: Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns LLNW: Chuck Royce of Royce& Associates.

This is the annual revenues and earnings per share of LLNW over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of LLNW.


CEO Recent Trades:


  • Sell: President, CEO and Chairman Jeffrey W Lunsford sold 5,000 shares of LLNW stock on 01/06/2011 at the average price of 6.45. Jeffrey W Lunsford owns at least 1,684,875 shares after this. The price of the stock has increased by 0.78% since.

  • Sell: CEO, EyeWonder & Director John Vincent sold 15,211 shares of LLNW stock on 12/01/2010 at the average price of 6.75. John Vincent owns at least 1,930,546 shares after this. The price of the stock has decreased by 3.7% since.

  • Sell: President, CEO and Chairman Jeffrey W Lunsford sold 23,375 shares of LLNW stock on 11/25/2010 at the average price of 7.05. Jeffrey W Lunsford owns at least 1,689,875 shares after this. The price of the stock has decreased by 7.8% since.

  • Sell: CEO, EyeWonder & Director John Vincent sold 15,211 shares of LLNW stock on 09/01/2010 at the average price of 3.96. John Vincent owns at least 1,945,757 shares after this. The price of the stock has increased by 64.14% since.



This is the insider trade history vs. stock price of LLNW. For the complete insider trading history of LLNW, click here.




Directors and Officers Recent Trades:


  • Sell: Director Thomas Falk sold 34,000 shares of LLNW stock on 02/02/2011 at the average price of 6.51. Thomas Falk owns at least 247,045 shares after this. The price of the stock has decreased by 0.15% since.

  • Sell: Co-Founder and CTO, Director Nathan F Raciborski sold 58,750 shares of LLNW stock on 02/02/2011 at the average price of 6.28. Nathan F Raciborski owns at least 3,134,520 shares after this. The price of the stock has increased by 3.5% since.

  • Sell: Director Thomas Falk sold 10,500 shares of LLNW stock on 01/28/2011 at the average price of 6.5. Thomas Falk owns at least 247,045 shares after this. The price of the stock has decreased by 0% since.

  • Sell: Co-Founder and CTO, Director Nathan F Raciborski sold 56,250 shares of LLNW stock on 01/26/2011 at the average price of 6.15. Nathan F Raciborski owns at least 3,189,520 shares after this. The price of the stock has increased by 5.69% since.

  • Sell: Director Thomas Falk sold 100,000 shares of LLNW stock on 01/19/2011 at the average price of 6.57. Thomas Falk owns at least 247,045 shares after this. The price of the stock has decreased by 1.07% since.



For the complete insider trading history of LLNW, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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