$20.80 Million in Sales Expected for Tintri (TNTR) This Quarter

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Wall Street analysts expect Tintri (NASDAQ:TNTR) to announce sales of $20.80 million for the current quarter, Zacks reports. Three analysts have issued estimates for Tintri’s earnings, with the highest sales estimate coming in at $21.40 million and the lowest estimate coming in at $20.50 million. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Tintri will report full-year sales of $101.51 million for the current financial year, with estimates ranging from $98.20 million to $107.24 million. For the next financial year, analysts expect that the business will report sales of $116.27 million per share, with estimates ranging from $111.90 million to $124.68 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Tintri.

Tintri (NASDAQ:TNTR) last issued its earnings results on Monday, March 5th. The company reported ($1.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.23) by $0.06. The firm had revenue of $28.90 million for the quarter, compared to analyst estimates of $26.27 million.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Tintri from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of Tintri from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.04.

In other news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website.

A number of hedge funds have recently made changes to their positions in TNTR. Schwab Charles Investment Management Inc. bought a new stake in Tintri during the 4th quarter valued at $102,000. Deutsche Bank AG grew its position in Tintri by 140.4% during the fourth quarter. Deutsche Bank AG now owns 20,915 shares of the company’s stock valued at $106,000 after purchasing an additional 12,214 shares in the last quarter. SG Americas Securities LLC purchased a new position in Tintri during the first quarter valued at approximately $141,000. Citadel Advisors LLC purchased a new position in Tintri during the fourth quarter valued at approximately $150,000. Finally, Ferris Capital LLC purchased a new position in Tintri during the fourth quarter valued at approximately $157,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

Shares of Tintri traded down $0.01, hitting $0.43, during mid-day trading on Thursday, Marketbeat reports. The company’s stock had a trading volume of 1,026,385 shares, compared to its average volume of 1,056,958. Tintri has a 52-week low of $0.34 and a 52-week high of $7.75. The stock has a market capitalization of $14.80 million and a P/E ratio of -0.08.

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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