TINTRI INC (NASDAQ:TNTR) Now Covered by Analysts at Morgan Stanley
Morgan Stanley started coverage on shares of TINTRI INC (NASDAQ:TNTR) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued an overweight rating and a $10.00 price objective on the stock.
Other research analysts also recently issued reports about the stock. Needham & Company LLC initiated coverage on shares of TINTRI INC in a research report on Tuesday. They issued a buy rating and a $15.00 price target on the stock. Bank of America Corporation initiated coverage on shares of TINTRI INC in a research report on Tuesday. They issued a buy rating and a $16.00 price target on the stock. Piper Jaffray Companies initiated coverage on shares of TINTRI INC in a research report on Tuesday. They issued a neutral rating and a $8.50 price target on the stock. Raymond James Financial, Inc. initiated coverage on shares of TINTRI INC in a research report on Tuesday. They issued an outperform rating and a $9.00 price objective on the stock. Finally, William Blair initiated coverage on shares of TINTRI INC in a research report on Tuesday. They issued an outperform rating on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. TINTRI INC has a consensus rating of Buy and an average target price of $11.25.
Shares of TINTRI INC (NASDAQ TNTR) opened at 6.89 on Tuesday. TINTRI INC has a one year low of $6.53 and a one year high of $12.15. The stock has a 50 day moving average of $7.48 and a 200-day moving average of $7.48. The stock’s market capitalization is $212.98 million.
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In other TINTRI INC news, major shareholder Enterprise Associates 12 New acquired 926,429 shares of the stock in a transaction dated Thursday, July 6th. The shares were bought at an average price of $7.00 per share, with a total value of $6,485,003.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher J. Schaepe acquired 597,858 shares of the stock in a transaction dated Thursday, July 6th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $4,185,006.00. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in TINTRI INC stock. NEA Management Company LLC acquired a new stake in TINTRI INC (NASDAQ:TNTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,253,358 shares of the company’s stock, valued at approximately $38,192,000. TINTRI INC makes up about 1.4% of NEA Management Company LLC’s holdings, making the stock its 15th largest position. NEA Management Company LLC owned approximately 17.00% of TINTRI INC at the end of the most recent reporting period.
TINTRI INC 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.
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