Tintri, Inc. (NASDAQ:TNTR) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $(0.81)-(0.77) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.79). The company issued revenue guidance of $36-37 million, compared to the consensus revenue estimate of $41.32 million.

Tintri, Inc. (NASDAQ:TNTR) traded down 1.62% during midday trading on Thursday, hitting $6.68. 251,908 shares of the stock were exchanged. The firm’s 50-day moving average is $8.53 and its 200 day moving average is $7.92. Tintri, Inc. has a 52 week low of $6.25 and a 52 week high of $9.80. The stock’s market cap is $206.49 million.

Several equities research analysts recently commented on TNTR shares. Bank of America Corporation started coverage on shares of Tintri in a research report on Tuesday, July 25th. They issued a buy rating and a $16.00 price target for the company. Morgan Stanley started coverage on shares of Tintri in a research report on Tuesday, July 25th. They issued an overweight rating and a $10.00 price target for the company. Raymond James Financial, Inc. started coverage on shares of Tintri in a research report on Tuesday, July 25th. They issued an outperform rating and a $9.00 price target for the company. Needham & Company LLC started coverage on shares of Tintri in a research report on Tuesday, July 25th. They issued a buy rating and a $15.00 price target for the company. Finally, KeyCorp started coverage on shares of Tintri in a research report on Tuesday, July 25th. They issued an overweight rating and a $9.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $10.58.

In related news, Director Christopher J. Schaepe bought 597,858 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was bought at an average price of $7.00 per share, for a total transaction of $4,185,006.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Enterprise Associates 12 New bought 926,429 shares of the business’s 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 disclosure for this purchase can be found here.

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About Tintri

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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