Avenir Corp Picked Up Internap Corp (NASDAQ:INAP) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Internap Corp (NASDAQ:INAP) reported that Avenir Corp has picked up 8,075,800 of common stock as of 2017-02-23.
The acquisition brings the aggregate amount owned by Avenir Corp to a total of 8,075,800 representing a 9.97% stake in the company.
For those not familiar with the company, Internap Corporation, formerly InterNAP Network Services Corporation, provides Internet infrastructure services. The Company operates through two segments: Data Center Services segment and Internet Protocol Services segment. It offers hybrid Internet infrastructure services, which enables customers to mix and match cloud, hosting and colocation for the combination of services. It also offers availability across a global network of data centers, and services backed by service level agreements (SLAs). The Company serves approximately 11,000 customers in various industries, including software and Internet; media and entertainment; business services; healthcare technology infrastructure, and telecommunications. Its Data Center Services segment includes colocation, hosting and cloud services. IP Services segment includes its performance IP service, content delivery network (CDN) services, IP routing hardware and software platform, and Managed Internet Route Optimizer Controller.
A glance at Internap Corp (NASDAQ:INAP)’s key stats reveals a current market capitalization of 176.92 million based on 58.25 million shares outstanding and a price at last close of $2.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-14, Stanzione picked up 50,000 at a purchase price of $1.93. This brings their total holding to 193,536 as of the date of the filing.
On the sell side, the most recent transaction saw Gamco unload 3,000 shares at a sale price of $1.92. This brings their total holding to 40,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Internap Corp (NASDAQ:INAP) as things move forward to see if its progress aligns with these transactions.
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Here’s Who Just Picked Up Appfolio Inc. (NASDAQ:APPF) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Appfolio Inc. (NASDAQ:APPF) reported that Oberndorf William E has picked up 1,883,868 of common stock as of 2017-02-23.
The acquisition brings the aggregate amount owned by Oberndorf William E to a total of 1,883,868 representing a 16.2% stake in the company.
For those not familiar with the company, AppFolio, Inc. is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices. Its property management software provides small and medium-sized property managers with an end-to-end solution to their business needs. The Company’s legal software provides solo practitioners and small law firms with a streamlined practice and case management solution, allowing them to manage their practices and case load. It also offers Value+ services, such as its professionally designed Websites and electronic payment services. The Company’s property manager customers include third-party managers and owner-operators, managing single- and multi-family residences, commercial property and student housing, as well as mixed real estate portfolios.
A glance at Appfolio Inc. (NASDAQ:APPF)’s key stats reveals a current market capitalization of 810.45 million based on 33.70 million shares outstanding and a price at last close of $23.90 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-17, Stad picked up 340,277 at a purchase price of $12.70. This brings their total holding to 2,057,344 as of the date of the filing.
On the sell side, the most recent transaction saw Keenan unload 2,554 shares at a sale price of $23.76. This brings their total holding to 1,250,032.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Appfolio Inc. (NASDAQ:APPF) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.