Tintri Inc (NASDAQ:TNTR) Coverage Initiated by Analysts at KeyCorp
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.
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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