Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Tenable Holdings, Inc. (NASDAQ:TENB) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $50.63.

A number of equities research analysts recently commented on TENB shares. Piper Sandler lowered their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research report on Monday. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Tenable in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group assumed coverage on Tenable in a research report on Wednesday, October 16th. They set a “hold” rating and a $45.00 target price for the company.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $43.44 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a twelve month low of $35.25 and a twelve month high of $53.50. The stock’s 50 day moving average is $41.46 and its 200-day moving average is $41.63. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of -85.18 and a beta of 0.83.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 3,180 shares of Tenable stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $135,913.20. Following the transaction, the chief financial officer now directly owns 285,045 shares of the company’s stock, valued at $12,182,823.30. The trade was a 1.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now directly owns 45,171 shares in the company, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,654 shares of company stock valued at $862,879. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Several hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of Tenable by 1.8% during the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after buying an additional 276 shares during the period. Covestor Ltd grew its stake in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the period. Xponance Inc. grew its stake in Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after purchasing an additional 389 shares during the period. Fulton Bank N.A. grew its stake in Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after purchasing an additional 443 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tenable by 0.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after purchasing an additional 457 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.