Tintri, Inc. (TNTR) Trading 13.4% Higher

Shares of Tintri, Inc. (NASDAQ:TNTR) traded up 13.4% during mid-day trading on Thursday . The stock traded as high as $5.85 and last traded at $5.85. 562,069 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 366,191 shares. The stock had previously closed at $5.16.

Several analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $16.00 target price on the stock. Needham & Company LLC assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $15.00 target price on the stock. KeyCorp assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued an “overweight” rating and a $9.00 target price on the stock. William Blair assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued an “outperform” rating on the stock. Finally, Raymond James Financial, Inc. assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They issued an “outperform” rating and a $9.00 target price on the stock. Two investment 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 has a consensus rating of “Hold” and a consensus price target of $8.67.

The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of -1.02.

Tintri (NASDAQ:TNTR) last posted its 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 business had revenue of $34.87 million for the quarter, compared to analyst estimates of $35.68 million. The business’s revenue was up 26.5% compared to the same quarter last year. analysts expect that Tintri, Inc. will post -5.42 EPS for the current year.

Several institutional investors have recently bought and sold shares of TNTR. NEA Management Company LLC purchased a new stake in shares of Tintri during the 2nd quarter valued at $38,192,000. Insight Holdings Group LLC purchased a new stake in shares of Tintri during the 2nd quarter valued at $38,786,000. Legal & General Group Plc purchased a new stake in shares of Tintri during the 2nd quarter valued at $146,000. Federated Investors Inc. PA purchased a new stake in shares of Tintri during the 2nd quarter valued at $2,181,000. Finally, OZ Management LP purchased a new stake in shares of Tintri during the 2nd quarter valued at $3,612,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.

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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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