Insight Holdings Group LLC Invests $38.79 Million in TINTRI INC (TNTR)

Insight Holdings Group LLC acquired a new position in TINTRI INC (NASDAQ:TNTR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,335,075 shares of the company’s stock, valued at approximately $38,786,000. TINTRI INC comprises about 9.5% of Insight Holdings Group LLC’s holdings, making the stock its 3rd largest position. Insight Holdings Group LLC owned about 0.17% of TINTRI INC as of its most recent filing with the SEC.

Separately, NEA Management Company LLC bought a new position in shares of TINTRI INC during the second quarter worth approximately $38,192,000. Institutional investors and hedge funds own 17.00% of the company’s stock.

TINTRI INC (NASDAQ TNTR) opened at 6.10 on Thursday. TINTRI INC has a 1-year low of $5.96 and a 1-year high of $12.15. The company has a 50 day moving average price of $7.15 and a 200 day moving average price of $7.15. The firm’s market cap is $188.56 million.

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A number of research analysts have commented on the company. Bank of America Corporation assumed coverage on TINTRI INC in a research note on Tuesday, July 25th. They set a “buy” rating and a $16.00 price objective on the stock. Needham & Company LLC assumed coverage on TINTRI INC in a research note on Tuesday, July 25th. They set a “buy” rating and a $15.00 price objective on the stock. KeyCorp assumed coverage on TINTRI INC in a research note on Tuesday, July 25th. They set an “overweight” rating and a $9.00 price objective on the stock. William Blair assumed coverage on TINTRI INC in a research note on Tuesday, July 25th. They set an “outperform” rating on the stock. Finally, Raymond James Financial, Inc. initiated coverage on TINTRI INC in a research note on Tuesday, July 25th. They set an “outperform” rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $11.25.

In related news, major shareholder Enterprise Associates 12 New purchased 926,429 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was acquired at an average price of $7.00 per share, with a total value of $6,485,003.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher J. Schaepe purchased 597,858 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $7.00 per share, with a total value of $4,185,006.00. The disclosure for this purchase can be found here.

TINTRI INC Company Profile

Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.

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Institutional Ownership by Quarter for TINTRI INC (NASDAQ:TNTR)

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