Tintri, Inc. (TNTR) PT Lowered to $10.00 at Needham & Company LLC

Tintri, Inc. (NASDAQ:TNTR) had its target price reduced by Needham & Company LLC from $15.00 to $10.00 in a research report released on Friday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other research analysts also recently commented on TNTR. Piper Jaffray Companies initiated coverage on Tintri in a research note on Tuesday, July 25th. They set a neutral rating and a $8.50 price objective for the company. William Blair initiated coverage on Tintri in a research note on Tuesday, July 25th. They set an outperform rating for the company. KeyCorp initiated coverage on Tintri in a research note on Tuesday, July 25th. They set an overweight rating and a $9.00 price objective for the company. Bank of America Corporation initiated coverage on Tintri in a research note on Tuesday, July 25th. They set a buy rating and a $16.00 price objective for the company. Finally, Raymond James Financial, Inc. initiated coverage on Tintri in a research note on Tuesday, July 25th. They set an outperform rating and a $9.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Tintri has an average rating of Hold and an average price target of $7.83.

Tintri (NASDAQ:TNTR) opened at 4.49 on Friday. The company has a 50-day moving average of $7.70 and a 200-day moving average of $7.50. Tintri has a 52-week low of $4.32 and a 52-week high of $9.80. The stock’s market capitalization is $138.79 million.

Tintri (NASDAQ:TNTR) last issued 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 firm’s quarterly revenue was up 26.5% compared to the same quarter last year. Equities research analysts expect that Tintri will post ($3.51) EPS for the current year.

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In other Tintri news, Director Christopher J. Schaepe purchased 597,858 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Enterprise Associates 12 New purchased 926,429 shares of the firm’s stock in a transaction dated 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 disclosure for this purchase can be found here.

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in shares of Tintri in the second quarter worth $146,000. Goldman Sachs Group Inc. bought a new position in shares of Tintri in the second quarter worth $619,000. UBS Oconnor LLC bought a new position in shares of Tintri in the second quarter worth $1,454,000. Federated Investors Inc. PA bought a new position in shares of Tintri in the second quarter worth $2,181,000. Finally, Laurion Capital Management LP bought a new position in shares of Tintri in the second quarter worth $2,181,000. 51.23% of the stock is owned by institutional investors.

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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