Tintri Inc (NASDAQ:TNTR) Receives New Coverage from Analysts at Needham & Company LLC

Needham & Company LLC started coverage on shares of Tintri Inc (NASDAQ:TNTR) in a report published on Tuesday, July 25th, MarketBeat Ratings reports. The firm issued a buy rating and a $15.00 price target on the stock.

Several other brokerages have also weighed in on TNTR. William Blair started coverage on Tintri in a research report on Tuesday, July 25th. They set an outperform rating on the stock. KeyCorp started coverage on 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 started coverage on Tintri in a research note on Tuesday, July 25th. They set a buy rating and a $16.00 price target on the stock. Finally, Piper Jaffray Companies initiated coverage on Tintri in a research note on Tuesday, July 25th. They set a neutral rating and a $8.50 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $11.25.

Shares of Tintri (NASDAQ TNTR) traded down 0.33% on Tuesday, reaching $5.96. 70,540 shares of the company’s stock traded hands. Tintri has a 12-month low of $5.63 and a 12-month high of $12.15. The stock has a 50-day moving average of $6.94 and a 200 day moving average of $6.94. The firm’s market cap is $184.23 million.

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In other Tintri news, 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 cost of $7.00 per share, for a total transaction of $4,185,006.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 stock was acquired at an average price of $7.00 per share, with a total value of $6,485,003.00. The disclosure for this purchase can be found here.

A number of institutional investors have recently added to or reduced their stakes in TNTR. Empyrean Capital Partners LP acquired a new position in Tintri during the second quarter valued at approximately $6,180,000. Goldman Sachs Group Inc. purchased a new stake in Tintri during the second quarter worth about $619,000. UBS Oconnor LLC purchased a new stake in Tintri during the second quarter worth about $1,454,000. Laurion Capital Management LP purchased a new stake in Tintri during the second quarter worth about $2,181,000. Finally, JPMorgan Chase & Co. purchased a new stake in Tintri during the second quarter worth about $4,725,000. Hedge funds and other institutional investors own 36.90% 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.

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