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

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.67.

Several analysts recently weighed in on the company. Barclays increased their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Robert W. Baird reduced their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Finally, Piper Sandler reduced their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 5,293 shares of Tenable stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the transaction, the chief executive officer now owns 51,691 shares in the company, valued at $2,209,273.34. The trade was a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now owns 8,659 shares in the company, valued at $333,544.68. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,625 shares of company stock worth $493,439 over the last three months. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after acquiring an additional 575 shares during the last quarter. Covestor Ltd grew its stake in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after acquiring an additional 289 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Tenable during the fourth quarter worth about $35,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Tenable during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

NASDAQ:TENB opened at $39.59 on Wednesday. The stock’s fifty day moving average is $41.02 and its 200 day moving average is $41.09. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $50.58. The firm has a market capitalization of $4.76 billion, a PE ratio of -131.97 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, sell-side analysts anticipate that Tenable will post 0.18 earnings per share for the current year.

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.