Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) Target Price at $56.63

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been given an average rating of “Moderate Buy” by the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $57.20.

A number of analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $65.00 price target on shares of Tenable in a research report on Wednesday, April 10th. Westpark Capital raised shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, January 12th. Truist Financial increased their price target on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price target on shares of Tenable in a research report on Tuesday, April 23rd. Finally, Stephens increased their price target on shares of Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th.

Insider Buying and Selling at Tenable

In other Tenable news, COO Mark C. Thurmond sold 3,976 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total transaction of $188,223.84. Following the transaction, the chief operating officer now owns 53,500 shares in the company, valued at $2,532,690. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Mark C. Thurmond sold 3,976 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total value of $188,223.84. Following the sale, the chief operating officer now owns 53,500 shares in the company, valued at $2,532,690. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Stephen A. Vintz sold 5,216 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total transaction of $241,083.52. Following the completion of the sale, the chief financial officer now owns 238,593 shares in the company, valued at approximately $11,027,768.46. The disclosure for this sale can be found here. Insiders have sold a total of 317,382 shares of company stock worth $15,021,615 over the last 90 days. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Tenable by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock worth $576,248,000 after buying an additional 259,552 shares in the last quarter. First Trust Advisors LP boosted its stake in Tenable by 18.0% during the fourth quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock worth $205,085,000 after buying an additional 680,477 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Tenable by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock worth $139,937,000 after buying an additional 16,515 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Tenable by 36.6% during the third quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock worth $135,668,000 after buying an additional 810,831 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Tenable by 11.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,195,092 shares of the company’s stock worth $98,340,000 after buying an additional 227,977 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Price Performance

TENB stock opened at $45.99 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable has a one year low of $33.85 and a one year high of $53.50. The firm has a market capitalization of $5.46 billion, a PE ratio of -67.63 and a beta of 0.94. The firm has a 50-day moving average of $47.40 and a two-hundred day moving average of $45.13.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The company had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. On average, analysts forecast that Tenable will post -0.12 earnings per share for the current year.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.