Tenable Holdings, Inc. (NASDAQ:TENB) Receives Average Rating of “Moderate Buy” from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $50.81.

A number of analysts recently weighed in on the stock. Scotiabank decreased their price target on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Jefferies Financial Group initiated coverage on Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 target price for the company. Susquehanna reduced their price target on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a research report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Finally, Piper Sandler reduced their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st.

Tenable Trading Down 2.3 %

NASDAQ TENB opened at $40.79 on Monday. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -79.98 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable has a one year low of $35.25 and a one year high of $53.50. The company’s 50 day moving average price is $40.81 and its 200 day moving average price is $41.88.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 5,673 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $236,847.75. Following the sale, the chief executive officer now directly owns 39,309 shares in the company, valued at approximately $1,641,150.75. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen A. Vintz sold 3,413 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $142,492.75. Following the transaction, the chief financial officer now owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,469 shares of company stock valued at $520,276. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Tenable by 1.2% in the third 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 in the last quarter. Barclays PLC grew its position in Tenable by 31.9% in the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after buying an additional 177,048 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Tenable by 25.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 22,894 shares of the company’s stock valued at $928,000 after buying an additional 4,574 shares during the period. Wolverine Trading LLC bought a new stake in shares of Tenable during the 3rd quarter worth about $206,000. Finally, Washington Harbour Partners LP lifted its stake in shares of Tenable by 18.9% in the 3rd quarter. Washington Harbour Partners LP now owns 104,515 shares of the company’s stock worth $4,235,000 after acquiring an additional 16,600 shares during the period. 89.06% of the stock is owned by institutional investors.

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.