Piper Jaffray Companies started coverage on shares of Tintri Inc (NASDAQ:TNTR) in a research report sent to investors on Tuesday, July 25th, MarketBeat Ratings reports. The firm issued a neutral rating and a $8.50 target price on the stock.
Shares of Tintri (TNTR) traded up 8.64% during mid-day trading on Tuesday, reaching $6.29. 127,366 shares of the company’s stock were exchanged. Tintri has a 52-week low of $5.63 and a 52-week high of $7.75. The firm’s market cap is $194.43 million. The company has a 50 day moving average price of $7.08 and a 200 day moving average price of $7.08.
In other Tintri news, major shareholder Enterprise Associates 12 New acquired 926,429 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was 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 filing with the SEC, which is accessible through this link. Also, Director Christopher J. Schaepe acquired 597,858 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was acquired at an average cost of $7.00 per share, with a total value of $4,185,006.00. The disclosure for this purchase can be found here.
Several large investors have recently made changes to their positions in TNTR. Laurion Capital Management LP acquired a new stake in shares of Tintri during the second quarter worth about $2,181,000. JPMorgan Chase & Co. purchased a new stake in shares of Tintri during the second quarter valued at $4,725,000. OZ Management LP purchased a new stake in shares of Tintri during the second quarter valued at $3,612,000. Federated Investors Inc. PA purchased a new stake in shares of Tintri during the second quarter valued at $2,181,000. Finally, Legal & General Group Plc purchased a new stake in shares of Tintri during the second quarter valued at $146,000. 17.00% of the stock is owned by institutional investors.
Tintri 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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