Tintri, Inc. (NASDAQ:TNTR)‘s stock had its “equal weight” rating restated by research analysts at Morgan Stanley in a report issued on Friday. They currently have a $4.50 target price on the stock, down from their prior target price of $6.00. Morgan Stanley’s price target indicates a potential downside of 1.10% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Bank of America Corporation initiated coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $16.00 price objective for the company. Raymond James Financial, Inc. initiated coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued an “outperform” rating and a $9.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $15.00 price objective for the company. KeyCorp initiated coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued an “overweight” rating and a $9.00 price objective for the company. Finally, William Blair started coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $7.83.

Tintri (NASDAQ:TNTR) opened at 4.55 on Friday. The firm 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 company’s market capitalization is $140.65 million.

Tintri (NASDAQ:TNTR) last announced its quarterly earnings data 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 firm had revenue of $34.87 million for the quarter, compared to analysts’ expectations of $35.68 million. Tintri’s revenue was up 26.5% compared to the same quarter last year. On average, equities analysts forecast that Tintri will post ($3.51) EPS for the current fiscal year.

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In related news, Director Christopher J. Schaepe bought 597,858 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of $7.00 per share, for a total transaction of $4,185,006.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Enterprise Associates 12 New bought 926,429 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were 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.

Large investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new position in shares of Tintri during the second quarter worth $146,000. Goldman Sachs Group Inc. bought a new position in Tintri during the second quarter valued at $619,000. UBS Oconnor LLC bought a new position in Tintri during the second quarter valued at $1,454,000. Federated Investors Inc. PA bought a new position in Tintri during the second quarter valued at $2,181,000. Finally, Laurion Capital Management LP bought a new position in Tintri during the second quarter valued at $2,181,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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