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

Tenable Holdings, Inc. (NASDAQ:TENB) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $49.67.

A number of research firms recently commented on TENB. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Piper Sandler decreased their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Jefferies Financial Group increased their price target on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th.

Insider Buying and Selling

In other news, CEO Mark C. Thurmond sold 1,341 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares of the company’s stock, valued at $1,632,482.96. The trade was a 3.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the business’s stock in a transaction that occurred 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 $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tenable

Large investors have recently made changes to their positions in the company. Creative Planning grew its position in Tenable by 24.6% during the third quarter. Creative Planning now owns 11,888 shares of the company’s stock valued at $482,000 after buying an additional 2,347 shares during the period. Tempus Wealth Planning LLC acquired a new stake in shares of Tenable during the 3rd quarter valued at about $285,000. Vanderbilt University increased its stake in shares of Tenable by 7.2% in the 3rd quarter. Vanderbilt University now owns 138,849 shares of the company’s stock valued at $5,626,000 after purchasing an additional 9,273 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Tenable by 1.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 294,080 shares of the company’s stock worth $11,916,000 after purchasing an additional 3,004 shares during the period. Finally, Janney Capital Management LLC boosted its position in Tenable by 34.0% during the third quarter. Janney Capital Management LLC now owns 7,551 shares of the company’s stock worth $306,000 after purchasing an additional 1,914 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Trading Down 0.4 %

TENB opened at $38.37 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -127.90 and a beta of 0.87. Tenable has a 12 month low of $35.25 and a 12 month high of $50.30. The stock has a fifty day moving average price of $40.74 and a 200-day moving average price of $41.05.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS 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%. As a group, equities research analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

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.