Tintri, Inc. (NASDAQ:TNTR) rose 13.4% during mid-day trading on Thursday . The company traded as high as $5.85 and last traded at $5.85. Approximately 562,069 shares were traded during trading, an increase of 53% from the average daily volume of 366,191 shares. The stock had previously closed at $5.16.

TNTR has been the subject of a number of research reports. Piper Jaffray Companies initiated coverage on Tintri in a research report on Tuesday, July 25th. They set a “neutral” rating and a $8.50 price target for the company. Morgan Stanley restated an “equal weight” rating and set a $10.00 price objective on shares of Tintri in a research note on Wednesday, August 23rd. William Blair began coverage on Tintri in a research note on Tuesday, July 25th. They set an “outperform” rating on the stock. UBS AG cut Tintri from an “outperform” rating to an “underperform” rating in a research note on Wednesday, September 20th. Finally, Needham & Company LLC reduced their price objective on Tintri from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Tintri currently has a consensus rating of “Hold” and an average price target of $8.67.

The company has a debt-to-equity ratio of -1.02, a current ratio of 1.27 and a quick ratio of 1.20.

Tintri (NASDAQ:TNTR) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($2.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.97) by ($0.08). The business had revenue of $34.87 million during the quarter, compared to analysts’ expectations of $35.68 million. The business’s revenue was up 26.5% on a year-over-year basis. equities analysts expect that Tintri, Inc. will post -5.42 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new stake in Tintri during the second quarter valued at approximately $146,000. Goldman Sachs Group Inc. acquired a new stake in Tintri during the second quarter valued at approximately $619,000. UBS Oconnor LLC acquired a new stake in Tintri during the second quarter valued at approximately $1,454,000. Federated Investors Inc. PA acquired a new stake in Tintri during the second quarter valued at approximately $2,181,000. Finally, Laurion Capital Management LP acquired a new stake in Tintri during the second quarter valued at approximately $2,181,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.

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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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