Westpark Capital Reaffirms Hold Rating for Tenable (NASDAQ:TENB)

Tenable (NASDAQ:TENB)‘s stock had its “hold” rating reissued by stock analysts at Westpark Capital in a research note issued on Thursday, Benzinga reports.

Other equities analysts also recently issued research reports about the company. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Scotiabank lowered their price target on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Tuesday. Canaccord Genuity Group dropped their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and reduced their price target for the company from $56.00 to $40.00 in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Tenable Price Performance

TENB traded down $0.35 on Thursday, reaching $40.88. 246,905 shares of the company’s stock were exchanged, compared to its average volume of 901,497. Tenable has a twelve month low of $33.85 and a twelve month high of $53.50. The stock has a market cap of $4.87 billion, a PE ratio of -73.00 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s fifty day moving average price is $40.80 and its 200-day moving average price is $42.26.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $221.24 million for the quarter, compared to analyst estimates of $218.41 million. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. Sell-side analysts expect that Tenable will post -0.06 EPS for the current year.

Insiders Place Their Bets

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the sale, the chief financial officer now owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Amit Yoran sold 5,673 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares in the company, valued at approximately $1,641,150.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the sale, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,469 shares of company stock worth $520,276 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TENB. Quest Partners LLC acquired a new stake in shares of Tenable during the 2nd quarter worth about $40,000. Fidelis Capital Partners LLC acquired a new stake in Tenable during the first quarter worth approximately $58,000. Allspring Global Investments Holdings LLC lifted its position in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after buying an additional 312 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Tenable in the 1st quarter valued at $189,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Tenable in the 2nd quarter valued at $200,000. 89.06% of the stock is 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.