Tintri, Inc. (NASDAQ:TNTR) had its target price reduced by Needham & Company LLC from $15.00 to $10.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 119.78% from the stock’s current price.

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

Shares of Tintri (NASDAQ TNTR) opened at 4.55 on Friday. The firm’s 50 day moving average price is $7.70 and its 200 day moving average price is $7.50. Tintri has a 52-week low of $4.32 and a 52-week high of $9.80. The stock’s market cap is $140.65 million.

Tintri (NASDAQ:TNTR) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.97) by $0.08. The firm 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% on a year-over-year basis. On average, analysts expect that Tintri will post ($3.51) EPS for the current year.

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In other news, Director Christopher J. Schaepe bought 597,858 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were bought 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 SEC, which is accessible through this link. Also, major shareholder Enterprise Associates 12 New bought 926,429 shares of the stock in a transaction that occurred on 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 disclosure for this purchase can be found here.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new position in shares of Tintri during the 2nd quarter valued at $146,000. Goldman Sachs Group Inc. purchased a new position in shares of Tintri during the 2nd quarter valued at $619,000. UBS Oconnor LLC purchased a new position in shares of Tintri during the 2nd quarter valued at $1,454,000. Federated Investors Inc. PA purchased a new position in shares of Tintri during the 2nd quarter valued at $2,181,000. Finally, Laurion Capital Management LP purchased a new position in shares of Tintri during the 2nd quarter valued at $2,181,000. Institutional investors own 51.23% 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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