Tintri (NASDAQ:TNTR) shares traded down 8.8% on Monday . The company traded as low as $1.01 and last traded at $1.03. 562,232 shares were traded during trading, a decline of 30% from the average session volume of 797,855 shares. The stock had previously closed at $1.13.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Tintri from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. ValuEngine upgraded Tintri from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Tintri presently has a consensus rating of “Hold” and a consensus target price of $7.04.
The stock has a market capitalization of $35.40 million and a P/E ratio of -0.19. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of -0.73.
Tintri (NASDAQ:TNTR) last released its quarterly earnings results on Monday, March 5th. The company reported ($1.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.23) by $0.06. The company had revenue of $28.90 million during the quarter, compared to analysts’ expectations of $26.27 million. analysts expect that Tintri will post -2.83 earnings per share for the current fiscal year.
In related news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of Tintri stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $5.54, for a total value of $3,575,698.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of hedge funds and other institutional investors have recently made changes to their positions in TNTR. SG Americas Securities LLC bought a new stake in Tintri in the first quarter worth about $141,000. King Luther Capital Management Corp bought a new stake in Tintri in the fourth quarter worth about $383,000. BlackRock Inc. lifted its stake in Tintri by 9.3% in the fourth quarter. BlackRock Inc. now owns 458,561 shares of the company’s stock worth $2,338,000 after purchasing an additional 38,995 shares during the last quarter. Geode Capital Management LLC lifted its stake in Tintri by 80.6% in the fourth quarter. Geode Capital Management LLC now owns 79,661 shares of the company’s stock worth $406,000 after purchasing an additional 35,547 shares during the last quarter. Finally, Ferris Capital LLC bought a new stake in Tintri in the fourth quarter worth about $157,000. 59.88% of the stock is owned by institutional investors and hedge funds.
Tintri Company Profile
Tintri, Inc develops and markets an enterprise cloud platform combining cloud management software technology and a range of all-flash storage systems for virtualized and cloud environments in the United States and internationally. Its platform provides large organizations and cloud service providers with public cloud capabilities inside their data centers and public cloud services.
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