Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Recommendation of “Moderate Buy” by Brokerages

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $50.63.

A number of analysts have recently issued reports on the company. Jefferies Financial Group raised 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. Barclays cut their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Piper Sandler decreased their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Finally, Robert W. Baird decreased their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th.

Insider Buying and Selling at Tenable

In related news, CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the sale, the chief executive officer now owns 45,171 shares of the company’s stock, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 2,209 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $89,950.48. Following the completion of the transaction, the chief operating officer now owns 35,480 shares of the company’s stock, valued at approximately $1,444,745.60. This trade represents a 5.86 % 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 worth $862,879 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Institutional investors have recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares during the period. Larson Financial Group LLC boosted its position in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after purchasing an additional 652 shares in the last quarter. Quest Partners LLC bought a new stake in Tenable in the 2nd quarter valued at about $40,000. Truvestments Capital LLC bought a new position in Tenable in the third quarter worth approximately $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Tenable in the second quarter worth approximately $200,000. 89.06% of the stock is owned by institutional investors.

Tenable Stock Up 0.3 %

Shares of TENB stock opened at $39.08 on Tuesday. Tenable has a 52-week low of $35.25 and a 52-week high of $53.50. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of -76.63 and a beta of 0.83. The firm’s 50-day moving average is $41.28 and its 200-day moving average is $41.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

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.