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

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $49.20.

Several equities analysts have recently commented on TENB shares. Jefferies Financial Group upped their target price on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays increased 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. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Scotiabank upped their price target 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. Finally, Morgan Stanley started coverage on shares of Tenable in a research report on Tuesday. They issued an “equal weight” rating and a $40.00 price objective on the stock.

Tenable Stock Performance

Shares of TENB opened at $36.13 on Friday. The stock has a market capitalization of $4.35 billion, a PE ratio of -120.43 and a beta of 0.87. The business’s fifty day moving average price is $39.62 and its 200 day moving average price is $40.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable has a 12-month low of $35.25 and a 12-month high of $50.30.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (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%. Equities research analysts forecast that Tenable will post 0.12 EPS for the current year.

Insider Activity at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63 % 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 over the last quarter. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of Tenable

Large investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Covestor Ltd raised its position in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Tenable in the 4th quarter valued at $35,000. Finally, SBI Securities Co. Ltd. purchased a new position in Tenable in the 4th quarter worth about $38,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

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.