Cantor Fitzgerald Begins Coverage on Tenable (NASDAQ:TENB)

Cantor Fitzgerald started coverage on shares of Tenable (NASDAQ:TENB) in a research report report published on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $50.00 price objective on the stock.

A number of other research firms have also recently commented on TENB. Morgan Stanley assumed coverage on shares of Tenable in a research note on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 target price on the stock. Truist Financial lowered their target price on shares of Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday. Scotiabank increased their price target on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Jefferies Financial Group boosted their price objective on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and an average target price of $48.13.

Tenable Trading Up 0.1 %

Shares of TENB stock opened at $34.98 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -116.60 and a beta of 0.87. Tenable has a 1 year low of $33.84 and a 1 year high of $50.07. The firm has a fifty day moving average price of $39.03 and a 200-day moving average price of $40.31.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) 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%. As a group, equities analysts predict that Tenable will post 0.12 earnings per share for the current year.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of Tenable

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Tenable during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Tenable during the 4th quarter worth about $38,000. Johnson Financial Group Inc. bought a new position in Tenable during the 4th quarter valued at about $53,000. Finally, Larson Financial Group LLC raised its position in Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after purchasing an additional 675 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.