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.

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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.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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