Insight Holdings Group, Llc Sells 645,433 Shares of Tintri (NASDAQ:TNTR) Stock

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):

How to Become a New Pot Stock Millionaire
  • 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.

ILLEGAL ACTIVITY WARNING: “Insight Holdings Group, Llc Sells 645,433 Shares of Tintri (NASDAQ:TNTR) Stock” was first published by Enterprise Leader and is the property of of Enterprise Leader. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://theenterpriseleader.com/2018/04/02/tintri-inc-nasdaqtntr-major-shareholder-insight-holdings-group-llc-sells-645433-shares.html.

About Tintri

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.

Receive News & Ratings for Tintri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tintri and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply