Today, a Director at InterNAP (NASDAQ: INAP), Debora Wilson, bought shares of INAP for $24.4K.
In addition to Debora Wilson, 4 other INAP executives reported Buy trades in the last month. This recent transaction increases Debora Wilson’s holding in the company by 3.31% to a total of $769.6K.
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Based on InterNAP’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $74.2 million and GAAP net loss of $14.06 million. In comparison, last year the company earned revenue of $72.13 million and had a GAAP net loss of $8.23 million. The Company has a Price to Book ratio of 35.8743. Currently, InterNAP has an average volume of 498.8K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $24.67, reflecting a -57.4% downside. Starting in November 2016, INAP received 23 Buy ratings in a row. Nine different firms, including Cowen & Co. and Craig-Hallum, currently also have a Buy rating on the stock.
The insider sentiment on InterNAP has been positive according to 70 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Internap Corp. is engaged in providing performance-optimized information technology infrastructure services. It operates through the Data Center Services and Internet Protocol Services segments. The Data Center Services segment includes colocation, hosting, and cloud services.
