Tenable (NASDAQ:TENB) Given New $45.00 Price Target at Jefferies Financial Group

Tenable (NASDAQ:TENBFree Report) had its price objective boosted by Jefferies Financial Group from $40.00 to $45.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

TENB has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Piper Sandler decreased their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Tuesday, October 29th. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Finally, Barclays dropped their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Six equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Get Our Latest Analysis on Tenable

Tenable Trading Down 1.4 %

Shares of Tenable stock traded down $0.58 during trading hours on Thursday, reaching $40.36. 139,961 shares of the company’s stock were exchanged, compared to its average volume of 919,385. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -79.14 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a 52-week low of $35.25 and a 52-week high of $53.50. The company has a fifty day moving average of $41.69 and a 200-day moving average of $41.55.

Insiders Place Their Bets

In other news, CFO Stephen A. Vintz sold 2,801 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the transaction, the chief financial officer now directly owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 4,828 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the sale, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock valued at $862,879 in the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Tenable by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock worth $37,833,000 after acquiring an additional 89,677 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Tenable during the second quarter worth approximately $1,769,000. Panagora Asset Management Inc. grew its holdings in Tenable by 10.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock worth $16,277,000 after buying an additional 34,254 shares in the last quarter. Principal Financial Group Inc. increased its position in Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after acquiring an additional 276 shares during the period. Finally, Rhumbline Advisers raised its stake in Tenable by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 170,621 shares of the company’s stock valued at $7,436,000 after acquiring an additional 9,239 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

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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.

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