Tintri (TNTR) Reaches New 1-Year High and Low at $1.60

Shares of Tintri (NASDAQ:TNTR) reached a new 52-week high and low on Monday . The stock traded as low as $1.60 and last traded at $1.68, with a volume of 227964 shares changing hands. The stock had previously closed at $1.71.

Several analysts recently weighed in on TNTR shares. Zacks Investment Research lowered Tintri from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Bank of America lowered Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 price target on the stock. in a report on Thursday, December 14th. Piper Jaffray set a $5.00 price target on Tintri and gave the company a “hold” rating in a report on Thursday, December 14th. Finally, KeyCorp restated an “equal weight” rating on shares of Tintri in a report on Friday, December 15th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.11.

How to Become a New Pot Stock Millionaire

The firm has a market cap of $53.56 and a price-to-earnings ratio of -0.31. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of -0.73.

In related news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $5.54, for a total transaction of $3,575,698.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in 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. Geode Capital Management LLC grew its position in Tintri by 80.6% in the 4th quarter. Geode Capital Management LLC now owns 79,661 shares of the company’s stock valued at $406,000 after acquiring an additional 35,547 shares during the last quarter. King Luther Capital Management Corp bought a new position in Tintri in the 4th quarter valued at $383,000. Ferris Capital LLC bought a new position in Tintri in the 4th quarter valued at $157,000. Finally, Citadel Advisors LLC bought a new position in Tintri in the 4th quarter valued at $150,000. 58.24% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This story was reported by Enterprise Leader and is the sole property of of Enterprise Leader. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://theenterpriseleader.com/2018/04/02/tintri-tntr-reaches-new-1-year-high-and-low-at-1-60.html.

About Tintri

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