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

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $49.67.

A number of equities research analysts recently issued reports on TENB shares. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Scotiabank upped their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Barclays upped their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Tenable in a report on Thursday, February 6th.

Insider Activity

In related news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares of the company’s stock, valued at $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,937 shares of company stock valued at $570,418. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TENB. Covestor Ltd grew its stake in Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Tenable by 1.0% during the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock valued at $1,361,000 after purchasing an additional 332 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Tenable by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company’s stock valued at $486,000 after purchasing an additional 390 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Tenable by 3.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock valued at $616,000 after purchasing an additional 450 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tenable by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock valued at $2,118,000 after purchasing an additional 457 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Trading Up 2.3 %

Shares of NASDAQ TENB opened at $36.06 on Friday. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of -120.20 and a beta of 0.87. The business has a 50 day simple moving average of $39.81 and a 200 day simple moving average of $40.60. 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 has a 52 week low of $35.25 and a 52 week high of $50.30.

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 analysts’ consensus estimates 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, research analysts predict that Tenable will post 0.12 earnings per share for the current fiscal 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.