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

Tenable Holdings, Inc. (NASDAQ:TENB) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $50.63.

Several research analysts have recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Westpark Capital reiterated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Barclays cut their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Tuesday, October 29th. Finally, Robert W. Baird dropped their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th.

Tenable Price Performance

Shares of NASDAQ TENB opened at $39.29 on Tuesday. The company has a market capitalization of $4.72 billion, a PE ratio of -77.04 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a twelve month low of $35.25 and a twelve month high of $53.50. The firm has a fifty day simple moving average of $41.44 and a 200 day simple moving average of $41.54.

Insider Activity

In other Tenable news, COO Mark C. Thurmond sold 2,343 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the transaction, the chief operating officer now directly owns 37,188 shares in the company, valued at approximately $1,589,415.12. This trade represents a 5.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 5,293 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $226,222.82. Following the completion of the sale, the chief executive officer now owns 51,691 shares of the company’s stock, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,654 shares of company stock worth $862,879 over the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tenable

Several hedge funds have recently modified their holdings of TENB. Franklin Resources Inc. increased its position in shares of Tenable by 7.3% during the third quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock valued at $18,984,000 after acquiring an additional 30,530 shares during the last quarter. Tidal Investments LLC grew its stake in Tenable by 19.4% in the 3rd quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock valued at $1,277,000 after purchasing an additional 5,116 shares during the period. Virtu Financial LLC purchased a new stake in shares of Tenable during the 3rd quarter valued at $282,000. Geode Capital Management LLC raised its stake in shares of Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after purchasing an additional 33,303 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Tenable by 31.9% in the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after buying an additional 177,048 shares during the last quarter. 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.