Tintri (NASDAQ:TNTR) major shareholder Insight Holdings Group, Llc sold 645,433 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $5.54, for a total value of $3,575,698.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Insight Holdings Group, Llc also recently made the following trade(s):
- On Tuesday, March 6th, Insight Holdings Group, Llc sold 86,365 shares of Tintri stock. The stock was sold at an average price of $5.13, for a total value of $443,052.45.
Shares of TNTR traded down $0.04 during trading hours on Monday, hitting $1.67. The stock had a trading volume of 416,055 shares, compared to its average volume of 953,601. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of -0.73. The firm has a market capitalization of $53.56 and a P/E ratio of -0.31. Tintri has a 12-month low of $1.60 and a 12-month high of $7.75.
Institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. purchased a new position in shares of Tintri in the 4th quarter worth $102,000. Deutsche Bank AG increased its holdings in Tintri by 140.4% in the 4th quarter. Deutsche Bank AG now owns 20,915 shares of the company’s stock valued at $106,000 after purchasing an additional 12,214 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Tintri in the 4th quarter valued at $150,000. Ferris Capital LLC acquired a new stake in Tintri in the 4th quarter valued at $157,000. Finally, King Luther Capital Management Corp acquired a new stake in Tintri in the 4th quarter valued at $383,000. 58.24% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Tintri from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Bank of America lowered Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 price target on the stock. in a research note on Thursday, December 14th. KeyCorp reaffirmed an “equal weight” rating on shares of Tintri in a research report on Friday, December 15th. Finally, Piper Jaffray set a $5.00 target price on Tintri and gave the stock a “hold” rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Tintri presently has an average rating of “Hold” and an average target price of $7.11.
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Tintri, Inc provides an enterprise cloud platform to organizations and cloud service providers. The Company’s enterprise cloud platform combines cloud management software, Web services and a range of all-flash storage systems. Its enterprise cloud platform is based on its Tintri CONNECT Web services architecture, which is designed to work like public cloud architecture using Web services.
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