Tenable Holdings, Inc. (NASDAQ:TENB – Get Free Report) Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Tenable Trading Up 2.3 %
Shares of TENB opened at $36.06 on Friday. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30. The stock has a 50-day moving average price of $39.81 and a 200 day moving average price of $40.60. 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 company has a market capitalization of $4.34 billion, a P/E ratio of -120.20 and a beta of 0.87.
Tenable (NASDAQ:TENB – Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Tenable
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on TENB. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Jefferies Financial Group increased their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Barclays lifted their price target on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Scotiabank increased their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and an average price target of $49.67.
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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.
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