Jefferies Financial Group Lowers Tenable (NASDAQ:TENB) Price Target to $37.00

Tenable (NASDAQ:TENB) had its target price dropped by Jefferies Financial Group from $45.00 to $37.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 6.54% from the stock’s current price.

TENB has been the topic of several other research reports. Truist Financial lowered their target price on shares of Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday. Cantor Fitzgerald began coverage on Tenable in a report on Monday. They issued an “overweight” rating and a $50.00 price objective on the stock. Barclays boosted their target price on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Scotiabank raised their price target on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley assumed coverage on Tenable in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.13.

Tenable Stock Performance

Shares of NASDAQ TENB traded down $0.21 during midday trading on Monday, reaching $34.73. 432,564 shares of the company were exchanged, compared to its average volume of 952,237. The stock has a fifty day simple moving average of $39.15 and a 200 day simple moving average of $40.34. Tenable has a 1 year low of $33.85 and a 1 year high of $50.07. The stock has a market cap of $4.18 billion, a P/E ratio of -115.88 and a beta of 0.87. 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 (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, research analysts forecast that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the sale, the director now owns 8,659 shares in the company, valued at approximately $333,544.68. This represents a 8.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares of the company’s stock, valued at approximately $12,078,517.68. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,937 shares of company stock worth $570,418 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

A number of large investors have recently made changes to their positions in TENB. PharVision Advisers LLC purchased a new position in Tenable in the 4th quarter valued at about $442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Tenable by 20.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,575 shares of the company’s stock valued at $12,191,000 after buying an additional 51,989 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Tenable during the fourth quarter valued at approximately $923,000. Vident Advisory LLC boosted its position in Tenable by 23.3% during the fourth quarter. Vident Advisory LLC now owns 92,381 shares of the company’s stock worth $3,638,000 after acquiring an additional 17,458 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new stake in Tenable in the 4th quarter worth approximately $2,554,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.