Tintri, Inc. (NASDAQ:TNTR) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

A number of other research firms have also recently commented on TNTR. Raymond James Financial, Inc. initiated coverage on shares of Tintri in a research note on Tuesday, July 25th. They set an “outperform” rating and a $9.00 target price on the stock. Morgan Stanley cut shares of 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 note on Wednesday, August 23rd. KeyCorp initiated coverage on shares of Tintri in a research note on Tuesday, July 25th. They set an “overweight” rating and a $9.00 target price on the stock. Piper Jaffray Companies restated a “hold” rating and set a $8.50 target price on shares of Tintri in a research note on Friday, September 1st. Finally, Needham & Company LLC initiated coverage on shares of Tintri in a research note on Tuesday, July 25th. They set a “buy” rating and a $15.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tintri presently has a consensus rating of “Hold” and a consensus target price of $9.17.

Shares of Tintri (TNTR) traded down 31.89% during trading on Friday, reaching $4.55. 2,128,562 shares of the company traded hands. The company’s market capitalization is $140.65 million. Tintri has a 52 week low of $4.32 and a 52 week high of $9.80. The company’s 50-day moving average price is $8.22 and its 200-day moving average price is $7.80.

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

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In related news, major shareholder Enterprise Associates 12 New acquired 926,429 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was acquired at an average cost of $7.00 per share, with a total value of $6,485,003.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher J. Schaepe acquired 597,858 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were bought 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 institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc purchased a new stake in Tintri during the 2nd quarter valued at approximately $146,000. Goldman Sachs Group Inc. purchased a new stake in Tintri during the 2nd quarter valued at approximately $619,000. UBS Oconnor LLC purchased a new stake in Tintri during the 2nd quarter valued at approximately $1,454,000. Federated Investors Inc. PA purchased a new stake in Tintri during the 2nd quarter valued at approximately $2,181,000. Finally, Laurion Capital Management LP purchased a new stake in Tintri during the 2nd quarter valued at approximately $2,181,000. 51.23% of the stock is owned by institutional investors and hedge funds.

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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