Tenable (NASDAQ:TENB) Stock Rating Upgraded by Stephens

Tenable (NASDAQ:TENB) was upgraded by analysts at Stephens to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently weighed in on TENB. Jefferies Financial Group dropped their price objective on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday. Barclays increased their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Morgan Stanley initiated coverage on Tenable in a research note on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 price objective for the company. Stifel Nicolaus cut 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 report on Friday, January 17th. Finally, Cantor Fitzgerald began coverage on Tenable in a research note on Monday. They issued an “overweight” rating and a $50.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.76.

Tenable Price Performance

Shares of TENB stock opened at $35.17 on Monday. Tenable has a 52 week low of $33.84 and a 52 week high of $50.07. The stock has a market capitalization of $4.23 billion, a PE ratio of -117.23 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. The stock’s fifty day moving average is $38.91 and its 200-day moving average is $40.28.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data 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%. Equities research analysts expect that Tenable will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction on 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 sale, the director now owns 8,659 shares in the company, valued at $333,544.68. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s 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 transaction, the director now owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,937 shares of company stock worth $570,418. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Hedge funds have recently bought and sold shares of the company. PharVision Advisers LLC bought a new stake in Tenable in the fourth quarter valued at approximately $442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Tenable by 20.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,575 shares of the company’s stock valued at $12,191,000 after acquiring an additional 51,989 shares during the period. Voloridge Investment Management LLC acquired a new stake in Tenable during the 4th quarter valued at $923,000. Vident Advisory LLC boosted its position in Tenable by 23.3% during the fourth quarter. Vident Advisory LLC now owns 92,381 shares of the company’s stock worth $3,638,000 after purchasing an additional 17,458 shares during the period. Finally, Twinbeech Capital LP bought a new position in Tenable during the fourth quarter worth $2,554,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.