Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) Target Price at $52.67

Tenable Holdings, Inc. (NASDAQ:TENB) has received a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $52.67.

A number of brokerages recently issued reports on TENB. Stifel Nicolaus cut their target price on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Canaccord Genuity Group dropped their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Friday, September 13th.

Tenable Stock Up 1.0 %

Shares of NASDAQ TENB opened at $40.08 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The company’s fifty day simple moving average is $41.29 and its 200 day simple moving average is $43.42. Tenable has a 12-month low of $33.85 and a 12-month high of $53.50.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. The company had revenue of $221.24 million for the quarter, compared to analysts’ expectations of $218.41 million. On average, equities analysts predict that Tenable will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amit Yoran sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the completion of the transaction, the chief executive officer now directly owns 387,356 shares of the company’s stock, valued at approximately $18,484,628.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Amit Yoran sold 40,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the completion of the transaction, the chief executive officer now owns 387,356 shares in the company, valued at approximately $18,484,628.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,469 shares of company stock worth $2,429,076. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Tenable during the second quarter worth $1,090,000. Sanctuary Advisors LLC bought a new stake in shares of Tenable during the 2nd quarter valued at $2,144,000. Dana Investment Advisors Inc. raised its stake in shares of Tenable by 7.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 40,131 shares of the company’s stock valued at $1,749,000 after purchasing an additional 2,931 shares during the period. Creative Planning lifted its holdings in Tenable by 12.1% during the 2nd quarter. Creative Planning now owns 9,541 shares of the company’s stock worth $416,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Tenable by 23.3% in the 2nd quarter. Algert Global LLC now owns 62,986 shares of the company’s stock worth $2,745,000 after purchasing an additional 11,896 shares during the period. 89.06% of the stock is owned by institutional investors.

About Tenable

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.