Internap Corp (NASDAQ:INAP)’s Insider Park West Asset Management Llc Unloaded 2,250,000 Shares of the Company

July 28, 2017 - By Clifton Ray

 Internap Corp (NASDAQ:INAP)'s Insider Park West Asset Management Llc Unloaded 2,250,000 Shares of the Company

Park West Asset Management Llc Insider Buy

Park West Asset Management Llc, an insider of Internap Corp lately disclosed a considerable deal with the D.C. based-SEC. As revealed in the form, Park West Asset Management Llc sold 2,250,000 shares of the Georgia-based company, priced at $3.9 per share. $8,723,250 USD was the deal’s value. The SEC report’s date was 27-07-2017. The odds that this stocks unloading stays disregarded are little in view of the huge amount of money involved. Currently, Park West Asset Management Llc owns 8.20 million shares which make up roughly 13.22 % of the company’s total market capitalization.

Internap Corp (NASDAQ:INAP) Ratings Coverage

Among 9 analysts covering Internap Corp (NASDAQ:INAP), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Internap Corp has $10 highest and $3 lowest target. $6.55’s average target is 71.92% above currents $3.81 stock price. Internap Corp had 14 analyst reports since August 22, 2015 according to SRatingsIntel. DA Davidson downgraded the stock to “Neutral” rating in Friday, September 25 report. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, September 25. The rating was maintained by Benchmark on Friday, November 6 with “Buy”. The stock of Internap Corp (NASDAQ:INAP) earned “Perform” rating by Oppenheimer on Friday, September 25. Stifel Nicolaus upgraded the shares of INAP in report on Friday, March 10 to “Buy” rating. The rating was downgraded by TheStreet to “Hold” on Saturday, August 22. The firm earned “Hold” rating on Friday, February 19 by Craig Hallum. The firm earned “Buy” rating on Friday, May 6 by Benchmark. The rating was initiated by Suntrust Robinson on Tuesday, November 24 with “Neutral”. As per Tuesday, November 24, the company rating was initiated by SunTrust.

Investors sentiment is 0.75 in Q4 2016. Its the same as in 2016Q3. It is without change, as 17 investors sold Internap Corp shares while 23 reduced holdings. only 14 funds opened positions while 16 raised stakes. 36.72 million shares or 1.28% less from 37.19 million shares in 2016Q3 were reported.

Northern Tru has invested 0% in Internap Corp (NASDAQ:INAP). Prelude Cap Lc invested 0.01% of its portfolio in Internap Corp (NASDAQ:INAP). Goldman Sachs Gru stated it has 0% in Internap Corp (NASDAQ:INAP). Fifth Third Bank owns 51,525 shares for 0% of their portfolio. Fuller & Thaler Asset Mgmt has invested 0.03% of its portfolio in Internap Corp (NASDAQ:INAP). Comml Bank Of Ny Mellon Corp invested 0% in Internap Corp (NASDAQ:INAP). 293,100 are owned by Pinnacle Assoc Ltd. Citigroup holds 0% of its portfolio in Internap Corp (NASDAQ:INAP) for 2,400 shares. Credit Suisse Ag accumulated 0% or 60,910 shares. Kennedy Cap Mngmt reported 0.04% of its portfolio in Internap Corp (NASDAQ:INAP). Kcg Holdg Inc reported 14,753 shares or 0% of all its holdings. Tradewinds Ltd Llc, a Washington-based fund reported 165 shares. Dimensional Fund Advisors Lp holds 0% or 2.73 million shares in its portfolio. California Public Employees Retirement owns 307,900 shares for 0% of their portfolio. 1 were accumulated by Atwood & Palmer.

Since May 27, 2017, it had 1 insider purchase, and 0 selling transactions for $50,314 activity.

The stock decreased 3.54% or $0.14 during the last trading session, reaching $3.81. About shares traded. Internap Corp (NASDAQ:INAP) has risen 55.77% since July 28, 2016 and is uptrending. It has outperformed by 39.07% the S&P500.

Internap Corporation is a technology well-known provider of Internet infrastructure. The company has market cap of $312.89 million. The Firm provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. It currently has negative earnings. The Firm operates through two divisions: Data Center and Network Services, and Cloud and Hosting Services.

Analysts expect Internap Corp (NASDAQ:INAP) to report $-0.07 EPS on August, 3.They anticipate $0.10 EPS change or 58.82 % from last quarter’s $-0.17 EPS. After having $-0.09 EPS previously, Internap Corp’s analysts see -22.22 % EPS growth.

Another recent and important Internap Corp (NASDAQ:INAP) news was published by Streetinsider.com which published an article titled: “Form 4 Internap Corp For: Jul 25 Filed by: Park West Asset Management LLC” on July 28, 2017.

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