Tintri (NASDAQ:TNTR) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.70.
TNTR has been the subject of several research reports. Zacks Investment Research upgraded shares of Tintri from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Wednesday, December 20th. Piper Jaffray set a $5.00 price objective on shares of Tintri and gave the stock a “hold” rating in a research report on Thursday, December 14th. Bank of America cut shares of Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 price objective for the company. in a research report on Thursday, December 14th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Tintri in a research report on Friday, December 15th.
In other news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of Tintri stock in a transaction on Friday, March 9th. The shares were sold at an average price of $5.54, for a total transaction of $3,575,698.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in Tintri by 140.4% in the fourth quarter. Deutsche Bank AG now owns 20,915 shares of the company’s stock valued at $106,000 after acquiring an additional 12,214 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in Tintri in the fourth quarter valued at $102,000. Citadel Advisors LLC purchased a new stake in Tintri in the fourth quarter valued at $150,000. Ferris Capital LLC purchased a new stake in Tintri in the fourth quarter valued at $157,000. Finally, Geode Capital Management LLC lifted its position in Tintri by 80.6% in the fourth quarter. Geode Capital Management LLC now owns 79,661 shares of the company’s stock valued at $406,000 after acquiring an additional 35,547 shares during the last quarter. 58.24% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:TNTR traded up $0.13 during trading on Friday, hitting $2.10. The company’s stock had a trading volume of 2,156,975 shares, compared to its average volume of 2,599,110. The company has a market cap of $65.78 and a price-to-earnings ratio of -0.39. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of -0.73. Tintri has a fifty-two week low of $1.60 and a fifty-two week high of $7.75.
Tintri (NASDAQ:TNTR) last posted its quarterly earnings results on Monday, March 5th. The company reported ($1.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.23) by $0.06. The business had revenue of $28.90 million during the quarter, compared to analyst estimates of $26.27 million. analysts expect that Tintri will post -2.83 EPS for the current year.
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Tintri Company Profile
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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