Morgan Stanley Reiterates Equal Weight Rating for Tintri, Inc. (TNTR)

Tintri, Inc. (NASDAQ:TNTR)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a report issued on Friday. They currently have a $4.50 price objective on the stock, down from their prior price objective of $6.00. Morgan Stanley’s price objective suggests a potential downside of 1.10% from the stock’s previous close.

A number of other research firms also recently issued reports on TNTR. Raymond James Financial, Inc. started coverage on shares of Tintri in a research report on Tuesday, July 25th. They set an “outperform” rating and a $9.00 target price for the company. William Blair started coverage on shares of Tintri in a research report on Tuesday, July 25th. They set an “outperform” rating for the company. KeyCorp started coverage on shares of Tintri in a research report on Tuesday, July 25th. They set an “overweight” rating and a $9.00 target price for the company. Piper Jaffray Companies reissued a “hold” rating and set a $8.50 target price on shares of Tintri in a research report on Friday, September 1st. Finally, Needham & Company LLC started coverage on shares of Tintri in a research report on Tuesday, July 25th. They set a “buy” rating and a $15.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.83.

Tintri (TNTR) opened at 4.55 on Friday. The company has a 50 day moving average of $7.70 and a 200-day moving average of $7.50. Tintri has a one year low of $4.32 and a one year high of $9.80. The firm’s market cap is $140.65 million.

Tintri (NASDAQ:TNTR) last posted its earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.97) by $0.08. The company had revenue of $34.87 million for the quarter, compared to analysts’ expectations of $35.68 million. Tintri’s quarterly revenue was up 26.5% on a year-over-year basis. On average, equities research analysts predict that Tintri will post ($3.51) earnings per share for the current year.

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In other news, major shareholder Enterprise Associates 12 New acquired 926,429 shares of the stock in a transaction on Thursday, July 6th. The stock was bought at an average price of $7.00 per share, with a total value of $6,485,003.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher J. Schaepe acquired 597,858 shares of the stock in a transaction on Thursday, July 6th. The stock was purchased 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.

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in Tintri in the second quarter valued at approximately $146,000. Goldman Sachs Group Inc. acquired a new stake in Tintri in the second quarter valued at approximately $619,000. UBS Oconnor LLC acquired a new stake in Tintri in the second quarter valued at approximately $1,454,000. Federated Investors Inc. PA acquired a new stake in Tintri in the second quarter valued at approximately $2,181,000. Finally, Laurion Capital Management LP acquired a new stake in Tintri in the second quarter valued at approximately $2,181,000. 51.23% of the stock is owned by institutional investors.

Tintri 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.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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