Tenable (NASDAQ:TENB) Earns Equal Weight Rating from Analysts at Stephens

Equities research analysts at Stephens initiated coverage on shares of Tenable (NASDAQ:TENB) in a report released on Tuesday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $42.00 price target on the stock. Stephens’ price target would indicate a potential upside of 19.45% from the company’s current price.

Other analysts also recently issued reports about the company. Jefferies Financial Group reduced their price objective on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday. Scotiabank upped 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. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Cantor Fitzgerald began coverage on shares of Tenable in a research report on Monday. They set an “overweight” rating and a $50.00 price objective for the company. Finally, Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $45.00 in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.76.

Tenable Trading Down 0.0 %

NASDAQ:TENB opened at $35.16 on Tuesday. The company has a market capitalization of $4.23 billion, a PE ratio of -117.20 and a beta of 0.87. Tenable has a 52-week low of $33.84 and a 52-week high of $50.07. The stock’s 50 day moving average price is $38.77 and its 200 day moving average price is $40.24. 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 (NASDAQ:TENB) last issued its quarterly earnings data 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 return on equity of 2.07% and a negative net margin of 4.03%. On average, research analysts anticipate that Tenable will post 0.12 EPS for the current year.

Insider Buying and Selling at Tenable

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now owns 353 shares of the company’s stock, valued at $13,061. This represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,937 shares of company stock valued at $570,418. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in Tenable by 1.0% in the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock worth $1,361,000 after buying an additional 332 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company’s stock worth $486,000 after acquiring an additional 390 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock worth $616,000 after acquiring an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tenable by 0.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock valued at $2,118,000 after purchasing an additional 457 shares during the period. Finally, Tidal Investments LLC increased its position in Tenable by 1.8% during the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company’s stock worth $1,263,000 after purchasing an additional 564 shares during the last quarter. 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.