Tenable (NASDAQ:TENB) Upgraded at Stephens

Stephens upgraded shares of Tenable (NASDAQ:TENB) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

TENB has been the subject of a number of other reports. Morgan Stanley initiated coverage on Tenable in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 target price for the company. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Truist Financial reduced their target price on shares of Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Financial Group lowered their price target on shares of Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus price target of $47.76.

Tenable Stock Performance

TENB opened at $35.16 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of -117.20 and a beta of 0.87. The company has a fifty day moving average of $38.77 and a 200 day moving average of $40.24. Tenable has a fifty-two week low of $33.84 and a fifty-two week high of $50.07.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on 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 sale, the director now directly owns 353 shares of the company’s stock, valued at $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the transaction, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,937 shares of company stock valued at $570,418 in the last 90 days. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in 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 buying an additional 575 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Tenable in the 4th quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Tenable during the 4th quarter worth $38,000. Johnson Financial Group Inc. bought a new stake in Tenable during the fourth quarter valued at about $53,000. Finally, Larson Financial Group LLC grew its stake in Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after purchasing an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.