Morgan Stanley restated their equal weight rating on shares of Tintri, Inc. (NASDAQ:TNTR) in a research report released on Wednesday morning. They currently have a $10.00 target price on the stock.

A number of other brokerages have also weighed in on TNTR. Raymond James Financial, Inc. assumed coverage on Tintri in a report on Tuesday, July 25th. They issued an outperform rating and a $9.00 price objective on the stock. Bank of America Corporation assumed coverage on Tintri in a report on Tuesday, July 25th. They issued a buy rating and a $16.00 price objective on the stock. Needham & Company LLC assumed coverage on Tintri in a report on Tuesday, July 25th. They issued a buy rating and a $15.00 price objective on the stock. KeyCorp assumed coverage on Tintri in a report on Tuesday, July 25th. They issued an overweight rating and a $9.00 price objective on the stock. Finally, William Blair assumed coverage on Tintri in a report on Tuesday, July 25th. They issued an outperform rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $10.58.

Tintri (NASDAQ:TNTR) opened at 5.77 on Wednesday. Tintri has a 12-month low of $5.12 and a 12-month high of $12.15. The stock’s market capitalization is $178.36 million. The firm’s 50-day moving average is $6.47 and its 200-day moving average is $6.79.

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In related news, major shareholder Enterprise Associates 12 New bought 926,429 shares of the stock in a transaction dated Thursday, July 6th. The shares were purchased at an average price of $7.00 per share, for a total transaction of $6,485,003.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher J. Schaepe bought 597,858 shares of the stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $7.00 per share, for a total transaction of $4,185,006.00. The disclosure for this purchase can be found here.

Several hedge funds have recently modified their holdings of TNTR. Empyrean Capital Partners LP bought a new stake in shares of Tintri during the second quarter worth approximately $6,180,000. Goldman Sachs Group Inc. bought a new stake in shares of Tintri during the second quarter worth approximately $619,000. UBS Oconnor LLC bought a new stake in shares of Tintri during the second quarter worth approximately $1,454,000. Laurion Capital Management LP bought a new stake in shares of Tintri during the second quarter worth approximately $2,181,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Tintri during the second quarter worth approximately $4,725,000. Hedge funds and other institutional investors own 36.90% of the company’s stock.

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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