KeyCorp assumed coverage on shares of Tintri Inc (NASDAQ:TNTR) in a research note issued to investors on Tuesday, July 25th, MarketBeat.com reports. The brokerage issued an overweight rating and a $9.00 price target on the stock.

Other equities research analysts have also issued reports about the company. William Blair initiated coverage on Tintri in a research report on Tuesday, July 25th. They set an outperform rating on the stock. 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $11.25.

Tintri (NASDAQ:TNTR) traded down 0.33% during midday trading on Tuesday, reaching $5.96. The company had a trading volume of 70,540 shares. The company has a 50-day moving average of $6.94 and a 200-day moving average of $6.94. The stock’s market capitalization is $184.23 million. Tintri has a 12-month low of $5.63 and a 12-month high of $12.15.

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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 purchased at an average price of $7.00 per share, for a total transaction of $4,185,006.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 price of $7.00 per share, with a total value of $6,485,003.00. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Insight Holdings Group LLC acquired a new position in Tintri during the second quarter valued at $38,786,000. NEA Management Company LLC acquired a new position in Tintri during the second quarter valued at $38,192,000. Empyrean Capital Partners LP acquired a new position in Tintri during the second quarter valued at $6,180,000. Goldman Sachs Group Inc. acquired a new position in Tintri during the second quarter valued at $619,000. Finally, UBS Oconnor LLC acquired a new position in Tintri during the second quarter valued at $1,454,000. Hedge funds and other institutional investors own 36.90% of the company’s stock.

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.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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