Tintri (TNTR) Shares Down 11.6%

Tintri Inc (NASDAQ:TNTR) traded down 11.6% during mid-day trading on Tuesday . The stock traded as low as $4.70 and last traded at $4.21. 654,120 shares were traded during mid-day trading, a decline of 26% from the average session volume of 882,203 shares. The stock had previously closed at $4.76.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Tintri from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. KeyCorp restated an “equal weight” rating on shares of Tintri in a research note on Friday, December 15th. Piper Jaffray Companies set a $5.00 target price on Tintri and gave the stock a “hold” rating in a research note on Thursday, December 14th. Finally, Bank of America cut Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 target price for the company. in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.89.

The company has a debt-to-equity ratio of -0.73, a current ratio of 1.04 and a quick ratio of 0.96. The company has a market cap of $119.66 and a P/E ratio of -0.87.

Tintri (NASDAQ:TNTR) last released its earnings results on Wednesday, December 13th. The company reported ($1.17) earnings per share for the quarter, topping the consensus estimate of ($1.42) by $0.25. The business had revenue of $31.77 million for the quarter, compared to the consensus estimate of $36.67 million. sell-side analysts anticipate that Tintri Inc will post -2.83 earnings per share for the current fiscal year.

In other news, major shareholder Insight Holdings Group, Llc sold 86,365 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $5.13, for a total value of $443,052.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several institutional investors and hedge funds have recently made changes to their positions in TNTR. Schwab Charles Investment Management Inc. bought a new position in shares of Tintri in the 4th quarter valued at $102,000. BlackRock Inc. lifted its stake in shares of Tintri by 9.3% in the 4th quarter. BlackRock Inc. now owns 458,561 shares of the company’s stock valued at $2,338,000 after acquiring an additional 38,995 shares during the last quarter. Ferris Capital LLC bought a new position in shares of Tintri in the 4th quarter valued at $157,000. Citadel Advisors LLC bought a new position in shares of Tintri in the 4th quarter valued at $150,000. Finally, King Luther Capital Management Corp bought a new position in shares of Tintri in the 4th quarter valued at $383,000. Institutional investors own 58.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://stocknewstimes.com/2018/03/15/tintri-tntr-shares-down-11-6.html.

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.

Receive News & Ratings for Tintri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tintri and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply