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

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $51.56.

A number of research firms have commented on TENB. Jefferies Financial Group began coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target on the stock. Robert W. Baird decreased their target price on Tenable from $55.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Barclays dropped their price target on Tenable from $57.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Baird R W upgraded shares of Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Susquehanna dropped their target price on shares of Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research report on Thursday, August 1st.

Insider Buying and Selling

In other Tenable news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the sale, the chief executive officer now directly owns 39,309 shares in the company, valued at $1,641,150.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amit Yoran sold 5,673 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $236,847.75. Following the sale, the chief executive officer now directly owns 39,309 shares of the company’s stock, valued at $1,641,150.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,469 shares of company stock worth $2,429,076. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently made changes to their positions in TENB. Fisher Asset Management LLC increased its stake in Tenable by 18.7% in the 4th quarter. Fisher Asset Management LLC now owns 347,236 shares of the company’s stock worth $15,994,000 after buying an additional 54,664 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Tenable by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock valued at $576,248,000 after purchasing an additional 259,552 shares during the period. Los Angeles Capital Management LLC grew its stake in Tenable by 51.6% in the first quarter. Los Angeles Capital Management LLC now owns 47,997 shares of the company’s stock worth $2,372,000 after purchasing an additional 16,330 shares in the last quarter. Fulton Bank N.A. increased its holdings in Tenable by 4.1% during the 1st quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock worth $374,000 after purchasing an additional 295 shares during the period. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Tenable during the 1st quarter valued at $1,239,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Price Performance

NASDAQ TENB opened at $40.34 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. Tenable has a 12 month low of $33.85 and a 12 month high of $53.50. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -69.55 and a beta of 0.83. The company’s 50 day moving average is $40.90 and its two-hundred day moving average is $42.53.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $221.24 million for the quarter, compared to the consensus estimate of $218.41 million. As a group, research analysts anticipate that Tenable will post -0.06 earnings per share for the current 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.