71.5% Of Tintri, Inc. (TNTR) Is Owned By Hedge Funds

Tintri, Inc. (NASDAQ:TNTR) recovered -21.96% of its value since hitting low of $0.76. The recent move of -26.3% drop pushed the stock to close at $0.59 when trading ended on 05/24/2018. At recent session, the prices were hovering between $0.5501 and $0.8296. This company shares are 1001.69% off its target price of $6.5 and the current market capitalization stands at $17.9M. The recent change has given its price a -65.7% deficit over SMA 50 and -92.35% deficit over its 52-week high. The stock witnessed -56.07% declines, -88.2% declines and -90.1% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TNTR’s volatility during a week at 22.21% and during a month it has been found around 14.76%.

Tintri, Inc. (TNTR) Top Holders

Institutional investors currently hold around $15 million or 71.5% in TNTR stock. Look at its top three institutional owners. Silver Lake Group, L.L.C. owns $4.35 million in Tintri, Inc., which represents roughly 24.32% of the company’s market cap and approximately 29.03% of the institutional ownership. Similar statistics are true for the second largest owner, Nea Management Company, Llc, which owns 5,253,358 shares of the stock are valued at $4.23 million. The third largest holder is Insight Holdings Group, Llc, which currently holds $2.31 million worth of this stock and that ownership represents nearly 12.92% of its market capitalization.

Tintri, Inc. 13F Filings

At the end of 03/31/2018 reporting period, 30 institutional holders increased their position in Tintri, Inc. (NASDAQ:TNTR) by some 3,665,743 shares, 18 decreased positions by 2,953,166 and 7 held positions by 12,334,691. That puts total institutional holdings at 18,953,600 shares, according to SEC filings. The stock grabbed 13 new institutional investments totaling 1,775,606 shares while 8 institutional investors sold out their entire positions totaling 374,621 shares.

Tintri, Inc. (NASDAQ:TNTR) Insider Trades

Multiple company employees have indulged in significant insider trading. Tintri, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Insight Holdings Group, Llc has sold 645,433 shares of Tintri, Inc. (TNTR) in trading session dated Mar. 09, 2018. These shares are worth $3,575,699 and were traded at $5.54 each. The SEC filing shows that Insight Holdings Group, Llc performed a sale of 86,365 shares. The 10% Owner disposed these shares by way of transaction on Mar. 06, 2018. The company’s shares were given away at $5.13 per share worth to an income of some $443,052 on account of Insight Holdings Group, Llc.

10% Owner, Insight Venture Partners Viii,, purchased 3,325,140 common shares of Tintri, Inc. (TNTR) in the open market. In a transaction dated Jul. 06, 2017, the shares were bought at an average price of $7, giving away a sum of $23,275,980. After this purchase, 12,284,007 common shares of TNTR are directly owned by the insider, with total stake valued at $7,247,564.

In the transaction dated Jul. 06, 2017, the great number of shares acquired came courtesy the 10% Owner; Lightspeed Venture Partners Vi added a total of 597,858 shares at an average price of $7, amounting to approximately $4,185,006. The insider now directly owns 3,384,215 shares worth $1,996,687.

Tintri, Inc. (TNTR) Analyst Guide

Several analysts have released their opinion on Tintri, Inc. (NASDAQ:TNTR), with 0 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 1 strong sell ratings, collectively assigning a 3.43 average brokerage recommendation.

SHARE
Previous articleHedge Funds Now Own 91.1% Of RPX Corporation (RPXC)
Next articleInstitutional investors now have $324 million stake in Tandem Diabetes Care, Inc. (TNDM)