Tintri Inc (NASDAQ:TNTR) major shareholder Insight Holdings Group, Llc sold 86,365 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $5.13, for a total transaction of $443,052.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Insight Holdings Group, Llc also recently made the following trade(s):
- On Friday, March 9th, Insight Holdings Group, Llc sold 645,433 shares of Tintri stock. The shares were sold at an average price of $5.54, for a total transaction of $3,575,698.82.
Shares of Tintri Inc (NASDAQ TNTR) opened at $6.55 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of -0.73. Tintri Inc has a 12-month low of $2.78 and a 12-month high of $7.75. The stock has a market cap of $260.95 and a price-to-earnings ratio of -1.49.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. acquired a new stake in shares of Tintri during the 4th quarter worth about $102,000. Deutsche Bank AG lifted its stake in shares of Tintri by 140.4% during the 4th quarter. Deutsche Bank AG now owns 20,915 shares of the company’s stock worth $106,000 after buying an additional 12,214 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Tintri during the 4th quarter worth about $150,000. Ferris Capital LLC acquired a new stake in shares of Tintri during the 4th quarter worth about $157,000. Finally, King Luther Capital Management Corp bought a new position in Tintri during the fourth quarter worth about $383,000. Institutional investors own 57.60% of the company’s stock.
Several equities research analysts have commented on TNTR shares. Zacks Investment Research downgraded shares of Tintri from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. KeyCorp reaffirmed an “equal weight” rating on shares of Tintri in a research note on Friday, December 15th. Piper Jaffray Companies set a $5.00 target price on shares of Tintri and gave the company a “hold” rating in a research note on Thursday, December 14th. Finally, Bank of America downgraded shares of Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 target price for the company. in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.89.
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.