Piper Jaffray Companies reissued their neutral rating on shares of Tintri, Inc. (NASDAQ:TNTR) in a research report report published on Friday morning. The firm currently has a $6.50 target price on the stock, down from their prior target price of $8.50.
Several other analysts have also recently commented on TNTR. Morgan Stanley cut Tintri from an overweight rating to an equal weight rating and decreased their target price for the stock from $10.00 to $6.00 in a research report on Wednesday, August 23rd. William Blair began coverage on Tintri in a research report on Tuesday, July 25th. They issued an outperform rating for the company. KeyCorp began coverage on Tintri in a research report on Tuesday, July 25th. They issued an overweight rating and a $9.00 target price for the company. Needham & Company LLC began coverage on Tintri in a research report on Tuesday, July 25th. They issued a buy rating and a $15.00 target price for the company. Finally, Raymond James Financial, Inc. began coverage on Tintri in a research report on Tuesday, July 25th. They issued an outperform rating and a $9.00 target price for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Tintri currently has an average rating of Hold and a consensus price target of $7.83.
Tintri (NASDAQ:TNTR) opened at 4.49 on Friday. The company has a 50-day moving average price of $7.70 and a 200 day moving average price of $7.50. The firm’s market capitalization is $138.79 million. Tintri has a 1-year low of $4.32 and a 1-year high of $9.80.
Tintri (NASDAQ:TNTR) last issued its earnings results on Thursday, September 7th. The company reported ($2.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.97) by $0.08. The firm had revenue of $34.87 million during the quarter, compared to analyst estimates of $35.68 million. The firm’s revenue was up 26.5% on a year-over-year basis. Equities analysts anticipate 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 business’s stock in a transaction that occurred on Thursday, July 6th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $6,485,003.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher J. Schaepe acquired 597,858 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were purchased at an average price of $7.00 per share, with a total value of $4,185,006.00. The disclosure for this purchase can be found here.
Several large investors have recently made changes to their positions in TNTR. Insight Holdings Group LLC purchased a new stake in shares of Tintri during the second quarter worth $38,786,000. NEA Management Company LLC purchased a new stake in shares of Tintri during the second quarter worth $38,192,000. Empyrean Capital Partners LP purchased a new stake in shares of Tintri during the second quarter worth $6,180,000. JPMorgan Chase & Co. purchased a new stake in shares of Tintri during the second quarter worth $4,725,000. Finally, OZ Management LP purchased a new stake in shares of Tintri during the second quarter worth $3,612,000. Institutional investors and hedge funds own 51.23% of the company’s stock.
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.
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