Tintri, Inc. (NASDAQ:TNTR) issued its quarterly earnings data on Thursday. The company reported ($2.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.97) by $0.08, Morningstar.com reports. The company had revenue of $34.87 million during the quarter, compared to analysts’ expectations of $35.68 million. Tintri’s quarterly revenue was up 26.5% compared to the same quarter last year. Tintri updated its Q3 guidance to $(0.81)-(0.77) EPS.

Tintri (NASDAQ TNTR) opened at 6.68 on Friday. The company’s 50-day moving average price is $8.22 and its 200-day moving average price is $7.80. The stock’s market capitalization is $206.49 million. Tintri has a one year low of $6.25 and a one year high of $9.80.

A number of analysts recently issued reports on the company. Bank of America Corporation assumed coverage on Tintri in a research report on Tuesday, July 25th. They set a “buy” rating and a $16.00 price objective for the company. Needham & Company LLC assumed coverage on Tintri in a research report on Tuesday, July 25th. They set a “buy” rating and a $15.00 price objective for the company. KeyCorp assumed coverage on Tintri in a research report on Tuesday, July 25th. They set an “overweight” rating and a $9.00 price objective for the company. William Blair assumed coverage on Tintri in a research report on Tuesday, July 25th. They set an “outperform” rating for the company. Finally, Raymond James Financial, Inc. assumed coverage on Tintri in a research report on Tuesday, July 25th. They set an “outperform” rating and a $9.00 price objective for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.42.

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In related news, major shareholder Enterprise Associates 12 New bought 926,429 shares of the stock in a transaction dated Thursday, July 6th. The stock was acquired at an average price 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 accessible through this link. Also, Director Christopher J. Schaepe bought 597,858 shares of the stock in a transaction dated Thursday, July 6th. The stock was bought 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 hedge funds have recently bought and sold shares of TNTR. NEA Management Company LLC acquired a new stake in shares of Tintri in the second quarter valued at about $38,192,000. Insight Holdings Group LLC acquired a new stake in shares of Tintri in the second quarter valued at about $38,786,000. Legal & General Group Plc acquired a new stake in shares of Tintri in the second quarter valued at about $146,000. Federated Investors Inc. PA acquired a new stake in shares of Tintri in the second quarter valued at about $2,181,000. Finally, OZ Management LP acquired a new stake in shares of Tintri in the second quarter valued at about $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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