Tufin Software Technologies Ltd (NYSE:TUFN) was the recipient of a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 1,050,000 shares, a decrease of 13.2% from the November 14th total of 1,210,000 shares. Based on an average daily volume of 321,600 shares, the days-to-cover ratio is presently 3.3 days. Currently, 8.8% of the company’s stock are short sold.
Several equities analysts have recently issued reports on the company. DA Davidson assumed coverage on Tufin Software Technologies in a report on Wednesday, November 27th. They issued a “buy” rating for the company. Zacks Investment Research raised Tufin Software Technologies from a “sell” rating to a “hold” rating in a report on Sunday, November 3rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.57.
Several hedge funds have recently added to or reduced their stakes in the company. Optimus Prime Fund Management Co. Ltd. bought a new position in shares of Tufin Software Technologies in the second quarter valued at approximately $26,000. Barclays PLC bought a new position in Tufin Software Technologies during the third quarter valued at $25,000. Tower Research Capital LLC TRC bought a new position in Tufin Software Technologies during the second quarter valued at $44,000. Wells Fargo & Company MN bought a new position in Tufin Software Technologies during the second quarter valued at $176,000. Finally, BlackRock Inc. bought a new position in Tufin Software Technologies during the second quarter valued at $180,000. 27.34% of the stock is owned by institutional investors.
Tufin Software Technologies (NYSE:TUFN) last released its earnings results on Thursday, November 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.07. The company had revenue of $25.60 million during the quarter, compared to analyst estimates of $25.16 million. Tufin Software Technologies had a negative return on equity of 54.40% and a negative net margin of 17.72%. Tufin Software Technologies’s quarterly revenue was up 32.6% on a year-over-year basis. On average, research analysts expect that Tufin Software Technologies will post -0.8 earnings per share for the current year.
Tufin Software Technologies Company Profile
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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