Tintri’s (NASDAQ:TNTR) quiet period is set to expire on Wednesday, August 9th. Tintri had issued 8,572,000 shares in its IPO on June 30th. The total size of the offering was $60,004,000 based on an initial share price of $7.00. During Tintri’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

A number of equities analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Tintri in a research report on Tuesday, July 25th. They set an “overweight” rating and a $10.00 price objective for the company. Raymond James Financial, Inc. assumed coverage on shares of Tintri in a research report on Tuesday, July 25th. They set an “outperform” rating and a $9.00 price objective for the company. Needham & Company LLC assumed coverage on shares of Tintri in a research report on Tuesday, July 25th. They set a “buy” rating and a $15.00 price objective for the company. Bank of America Corporation assumed coverage on shares of Tintri in a research report on Tuesday, July 25th. They set a “buy” rating and a $16.00 price objective for the company. Finally, KeyCorp assumed coverage on shares of Tintri in a research report on Tuesday, July 25th. They set an “overweight” rating and a $9.00 price objective for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $11.25.

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Tintri (NASDAQ TNTR) opened at 6.23 on Tuesday. The firm’s market capitalization is $192.58 million. Tintri has a 1-year low of $6.02 and a 1-year high of $7.75. The stock’s 50 day moving average is $7.41 and its 200-day moving average is $7.41.

In related news, Director Christopher J. Schaepe acquired 597,858 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were acquired at an average cost of $7.00 per share, for a total transaction of $4,185,006.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Enterprise Associates 12 New acquired 926,429 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average price of $7.00 per share, for a total transaction of $6,485,003.00. The disclosure for this purchase can be found here.

Several large investors have recently modified their holdings of TNTR. NEA Management Company LLC bought a new stake in shares of Tintri during the second quarter worth $38,192,000. Insight Holdings Group LLC bought a new stake in shares of Tintri during the second quarter worth $38,786,000. Legal & General Group Plc bought a new stake in shares of Tintri during the second quarter worth $146,000. Finally, Federated Investors Inc. PA bought a new stake in shares of Tintri during the second quarter worth $2,181,000. Institutional investors and hedge funds own 17.00% of the company’s stock.

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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