Tintri, Inc. (NASDAQ:TNTR) shares reached a new 52-week low on Monday . The company traded as low as $4.14 and last traded at $4.14, with a volume of 161,788 shares trading hands. The stock had previously closed at $4.29.

A number of research analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Tintri in a research note on Tuesday, July 25th. They issued an “overweight” rating and a $10.00 price target on the stock. Raymond James Financial, Inc. assumed coverage on Tintri in a research note on Tuesday, July 25th. They issued an “outperform” rating and a $9.00 price target on the stock. Needham & Company LLC assumed coverage on Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $15.00 price target on the stock. Bank of America Corporation assumed coverage on Tintri in a research note on Tuesday, July 25th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, KeyCorp assumed coverage on Tintri in a research note on Tuesday, July 25th. They issued an “overweight” rating and a $9.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.83.

The company’s 50 day moving average price is $6.35 and its 200-day moving average price is $6.55. The stock’s market capitalization is $130.36 million.

Tintri (NASDAQ:TNTR) last released its earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.97) by ($0.08). The company had revenue of $34.87 million for the quarter, compared to analyst estimates of $35.68 million. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, equities analysts expect that Tintri, Inc. will post ($3.52) earnings per share for the current year.

In other news, major shareholder Enterprise Associates 12 New bought 926,429 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were acquired at an average price of $7.00 per share, for a total transaction of $6,485,003.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher J. Schaepe bought 597,858 shares of the company’s stock in a transaction that occurred on 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 disclosure for this purchase can be found here.

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

ILLEGAL ACTIVITY NOTICE: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/18/tintri-inc-tntr-reaches-new-52-week-low-at-4-14.html.

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.

Receive News & Stock Ratings for Tintri Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tintri Inc. and related stocks with our FREE daily email newsletter.