Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Rating of “Moderate Buy” by Brokerages

Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $57.20.

A number of research firms recently weighed in on TENB. Scotiabank began coverage on shares of Tenable in a research report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Tenable in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective on shares of Tenable in a research report on Friday, June 14th.

Read Our Latest Stock Analysis on TENB

Insider Transactions at Tenable

In other news, COO Mark C. Thurmond sold 949 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total transaction of $41,727.53. Following the completion of the sale, the chief operating officer now owns 32,906 shares in the company, valued at approximately $1,446,876.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the sale, the chief financial officer now owns 257,924 shares in the company, valued at approximately $12,782,713.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark C. Thurmond sold 949 shares of Tenable stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total transaction of $41,727.53. Following the completion of the sale, the chief operating officer now owns 32,906 shares of the company’s stock, valued at approximately $1,446,876.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,223 shares of company stock worth $2,386,599. 4.30% of the stock is owned by insiders.

Institutional Trading of Tenable

Several hedge funds and other institutional investors have recently bought and sold shares of TENB. Principal Securities Inc. acquired a new position in shares of Tenable in the 4th quarter valued at approximately $35,000. Fidelis Capital Partners LLC bought a new stake in shares of Tenable during the 1st quarter valued at approximately $58,000. SG Americas Securities LLC bought a new stake in shares of Tenable during the 4th quarter valued at approximately $127,000. Verity & Verity LLC bought a new stake in shares of Tenable during the 1st quarter valued at approximately $127,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Down 1.8 %

Shares of TENB stock opened at $39.15 on Friday. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -67.50 and a beta of 0.85. Tenable has a 12-month low of $33.85 and a 12-month high of $53.50. The firm has a fifty day moving average of $43.90 and a 200-day moving average of $45.82. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00.

Tenable (NASDAQ:TENBGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $215.96 million during the quarter, compared to the consensus estimate of $213.56 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. As a group, equities research analysts predict that Tenable will post -0.14 earnings per share for the current fiscal year.

Tenable Company Profile

(Get Free Report

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.

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Analyst Recommendations for Tenable (NASDAQ:TENB)

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