Tenable (NASDAQ:TENB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tenable (NASDAQ:TENB) from a buy rating to a strong-buy rating in a research report released on Sunday.

A number of other research firms have also recently commented on TENB. Needham & Company LLC cut their price target on shares of Tenable from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Canaccord Genuity Group decreased their price objective on Tenable from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $42.00 target price on shares of Tenable in a research report on Thursday, October 23rd. DA Davidson set a $32.00 price target on shares of Tenable in a research report on Thursday, October 30th. Finally, Jefferies Financial Group set a $29.00 price target on shares of Tenable in a research note on Tuesday, December 16th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tenable presently has a consensus rating of “Hold” and an average target price of $35.82.

Tenable Trading Down 1.6%

Shares of Tenable stock opened at $22.75 on Friday. The company’s 50-day moving average price is $24.49 and its 200-day moving average price is $28.10. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.72 billion, a price-to-earnings ratio of -84.26 and a beta of 0.64. Tenable has a 12-month low of $21.55 and a 12-month high of $45.17.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $252.44 million during the quarter, compared to the consensus estimate of $247.43 million. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. On average, equities analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Tenable

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Tenable during the 3rd quarter valued at about $25,000. Elevation Point Wealth Partners LLC purchased a new position in Tenable in the second quarter worth about $37,000. Signaturefd LLC lifted its position in Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 948 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Tenable in the 3rd quarter worth about $45,000. Finally, Horizon Investments LLC bought a new stake in shares of Tenable in the third quarter worth approximately $45,000. Institutional investors own 89.06% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.