Tintri Inc (NASDAQ:TNTR) saw strong trading volume on Friday . 22,454,924 shares changed hands during trading, an increase of 3,225% from the previous session’s volume of 675,409 shares.The stock last traded at $6.55 and had previously closed at $5.15.

A number of equities analysts have recently weighed in on the company. Piper Jaffray Companies set a $5.00 price target on Tintri and gave the stock a “hold” rating in a report on Thursday, December 14th. KeyCorp reiterated an “equal weight” rating on shares of Tintri in a report on Friday, December 15th. Zacks Investment Research cut Tintri from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Bank of America cut Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 price target for the company. in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.89.

The stock has a market capitalization of $260.95 and a price-to-earnings ratio of -1.49. The company has a debt-to-equity ratio of -0.73, a current ratio of 1.04 and a quick ratio of 0.96.

Tintri (NASDAQ:TNTR) last released its quarterly earnings results on Wednesday, December 13th. The company reported ($1.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.25. The business had revenue of $31.77 million for the quarter, compared to analysts’ expectations of $36.67 million. research analysts anticipate that Tintri Inc will post -3.71 earnings per share for the current fiscal year.

In related news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $5.54, for a total transaction of $3,575,698.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. acquired a new position in Tintri during the 4th quarter worth about $102,000. Deutsche Bank AG lifted its stake in Tintri by 140.4% during the 4th quarter. Deutsche Bank AG now owns 20,915 shares of the company’s stock worth $106,000 after acquiring an additional 12,214 shares in the last quarter. Citadel Advisors LLC acquired a new position in Tintri during the 4th quarter worth about $150,000. Ferris Capital LLC acquired a new position in Tintri during the 4th quarter worth about $157,000. Finally, King Luther Capital Management Corp acquired a new position in Tintri during the 4th quarter worth about $383,000. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

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About Tintri

Tintri, Inc provides an enterprise cloud platform to organizations and cloud service providers. The Company’s enterprise cloud platform combines cloud management software, Web services and a range of all-flash storage systems. Its enterprise cloud platform is based on its Tintri CONNECT Web services architecture, which is designed to work like public cloud architecture using Web services.

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