Tintri, Inc. (NASDAQ:TNTR) had its target price cut by investment analysts at Needham & Company LLC from $15.00 to $10.00 in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 49.70% from the company’s current price.

Several other analysts have also issued reports on the company. William Blair lowered Tintri from an “outperform” rating to a “market perform” rating in a research note on Friday. Bank of America Corporation lowered Tintri from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Friday. Piper Jaffray Companies restated a “hold” rating and issued a $6.50 price objective on shares of Tintri in a research note on Friday. Morgan Stanley lowered Tintri from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $10.00 to $6.00 in a research note on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. began coverage on Tintri in a research note on Tuesday, July 25th. They issued an “outperform” rating and a $9.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tintri currently has an average rating of “Hold” and a consensus target price of $9.42.

Shares of Tintri (TNTR) opened at 6.68 on Friday. The firm has a 50-day moving average price of $8.22 and a 200-day moving average price of $7.80. Tintri has a 12-month low of $6.25 and a 12-month high of $9.80. The firm’s market cap is $206.49 million.

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

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In other news, Director Christopher J. Schaepe bought 597,858 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were bought at an average price of $7.00 per share, with a total value of $4,185,006.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Enterprise Associates 12 New bought 926,429 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was purchased at an average cost of $7.00 per share, for a total transaction of $6,485,003.00. The disclosure for this purchase can be found here.

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in shares of Tintri in the second quarter valued at approximately $146,000. Goldman Sachs Group Inc. acquired a new position in shares of Tintri in the second quarter valued at approximately $619,000. UBS Oconnor LLC acquired a new position in shares of Tintri in the second quarter valued at approximately $1,454,000. Federated Investors Inc. PA acquired a new position in shares of Tintri in the second quarter valued at approximately $2,181,000. Finally, Laurion Capital Management LP acquired a new position in shares of Tintri in the second quarter valued at approximately $2,181,000. 51.23% of the stock is currently 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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