Tenable Holdings, Inc. (NASDAQ:TENB) Receives $49.67 Average Target Price from Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $49.20.

Several research firms have recently commented on TENB. Morgan Stanley began coverage on shares of Tenable in a research report on Tuesday. They set an “equal weight” rating and a $40.00 price target for the company. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Finally, Scotiabank boosted their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $36.99 on Friday. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $50.30. The business has a 50-day simple moving average of $39.71 and a two-hundred day simple moving average of $40.53. 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 firm has a market cap of $4.45 billion, a price-to-earnings ratio of -123.30 and a beta of 0.87.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts expect that Tenable will post 0.12 earnings per share for the current year.

Insider Buying and Selling at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the firm’s 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 transaction, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The stock was 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 approximately $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 in the last three months. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Tenable

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

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.