Tintri, Inc. (NASDAQ:TNTR) was downgraded by stock analysts at UBS AG from an “outperform” rating to an “underperform” rating in a research report issued on Wednesday, The Fly reports.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley restated an “equal weight” rating and set a $4.50 price target (down previously from $6.00) on shares of Tintri in a research note on Friday, September 8th. Needham & Company LLC reduced their price objective on shares of Tintri from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, September 8th. William Blair lowered shares of Tintri from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Bank of America Corporation lowered shares of Tintri from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Friday, September 8th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $6.50 price objective (down from $8.50) on shares of Tintri in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.67.

Tintri (NASDAQ TNTR) traded up 2.03% during trading on Wednesday, hitting $3.02. The stock had a trading volume of 693,776 shares. The firm has a 50 day moving average price of $6.00 and a 200-day moving average price of $6.26. The firm’s market capitalization is $94.60 million. Tintri has a 1-year low of $2.95 and a 1-year high of $9.80.

Tintri (NASDAQ:TNTR) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.97) by ($0.08). The firm had revenue of $34.87 million for the quarter, compared to the consensus estimate of $35.68 million. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, equities research analysts expect that Tintri will post ($3.48) EPS for the current year.

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In other news, major shareholder Enterprise Associates 12 New purchased 926,429 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was purchased at an average cost of $7.00 per share, with a total value of $6,485,003.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher J. Schaepe purchased 597,858 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was purchased 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.

Large investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new position in Tintri in the 2nd quarter valued at $146,000. Goldman Sachs Group Inc. bought a new position in Tintri in the 2nd quarter valued at $619,000. UBS Oconnor LLC bought a new position in Tintri in the 2nd quarter valued at $1,454,000. Federated Investors Inc. PA bought a new position in Tintri in the 2nd quarter valued at $2,181,000. Finally, Laurion Capital Management LP bought a new position in Tintri in the 2nd quarter valued at $2,181,000. 51.23% of the stock is owned by hedge funds and other institutional investors.

About Tintri

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.

The Fly

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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