Tintri, Inc. (TNTR) Earns “Neutral” Rating from Piper Jaffray Companies
Tintri, Inc. (NASDAQ:TNTR)‘s stock had its “neutral” rating restated by research analysts at Piper Jaffray Companies in a research report issued on Friday. They currently have a $6.50 target price on the stock, down from their prior target price of $8.50. Piper Jaffray Companies’ price objective would suggest a potential upside of 42.86% from the stock’s current price.
TNTR has been the topic of a number of other research reports. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 price objective on shares of Tintri in a research report on Wednesday, August 23rd. Bank of America Corporation began coverage on Tintri in a research report on Tuesday, July 25th. They issued a “buy” rating and a $16.00 target price on the stock. Needham & Company LLC began coverage on Tintri in a research report on Tuesday, July 25th. They issued a “buy” rating and a $15.00 target price on the stock. KeyCorp began coverage on Tintri in a research report on Tuesday, July 25th. They issued an “overweight” rating and a $9.00 target price on the stock. Finally, William Blair began coverage on Tintri in a research report on Tuesday, July 25th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.83.
Tintri (TNTR) traded down 31.89% during mid-day trading on Friday, reaching $4.55. The company had a trading volume of 2,128,562 shares. The stock has a 50 day moving average of $7.70 and a 200 day moving average of $7.50. The stock’s market capitalization is $140.65 million. Tintri has a 52 week low of $4.32 and a 52 week high of $9.80.
Tintri (NASDAQ:TNTR) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($2.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.97) by $0.08. The company had revenue of $34.87 million during the quarter, compared to analysts’ expectations of $35.68 million. The company’s quarterly revenue was up 26.5% on a year-over-year basis. Analysts anticipate that Tintri will post ($3.51) earnings per share for the current year.
In other Tintri news, major shareholder Enterprise Associates 12 New bought 926,429 shares of Tintri stock in a transaction on Thursday, July 6th. The shares were bought at an average price of $7.00 per share, for a total transaction of $6,485,003.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher J. Schaepe bought 597,858 shares of Tintri stock in a transaction on Thursday, July 6th. The stock was acquired at an average price of $7.00 per share, for a total transaction of $4,185,006.00. The disclosure for this purchase can be found here.
Large investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in Tintri in the second quarter valued at $146,000. Goldman Sachs Group Inc. purchased a new stake in Tintri in the second quarter valued at $619,000. UBS Oconnor LLC purchased a new stake in Tintri in the second quarter valued at $1,454,000. Federated Investors Inc. PA purchased a new stake in Tintri in the second quarter valued at $2,181,000. Finally, Laurion Capital Management LP purchased a new stake in Tintri in the second quarter valued at $2,181,000. Institutional investors 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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