Tenable Holdings, Inc. (NASDAQ:TENB) Receives $50.63 Consensus PT from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $50.63.

TENB has been the topic of several recent research reports. Piper Sandler cut their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Barclays reduced their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Westpark Capital reiterated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Monday.

Tenable Stock Up 2.8 %

Tenable stock opened at $40.17 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a 1-year low of $35.25 and a 1-year high of $53.50. The firm’s fifty day simple moving average is $41.27 and its 200-day simple moving average is $41.53. The company has a market capitalization of $4.83 billion, a P/E ratio of -78.76 and a beta of 0.85.

Insiders Place Their Bets

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 transaction of $135,913.20. Following the sale, the chief financial officer now directly owns 285,045 shares of the company’s stock, valued at approximately $12,182,823.30. The trade was a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark C. Thurmond sold 2,209 shares of the 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 $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at approximately $1,444,745.60. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of Tenable

A number of large investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in shares of Tenable by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock valued at $10,489,000 after purchasing an additional 25,247 shares in the last quarter. Franklin Resources Inc. boosted its position in Tenable by 7.3% in the third quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock valued at $18,984,000 after buying an additional 30,530 shares in the last quarter. Tidal Investments LLC grew its stake in Tenable by 19.4% during the third quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock worth $1,277,000 after buying an additional 5,116 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Tenable during the third quarter worth approximately $282,000. Finally, Geode Capital Management LLC raised its stake in shares of Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after acquiring an additional 33,303 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

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.