Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $50.81.

Several equities research analysts have commented on the company. Stifel Nicolaus cut their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Morgan Stanley cut their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. DA Davidson cut Tenable from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $56.00 to $40.00 in a report on Thursday, August 1st. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Piper Sandler lowered their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st.

Insiders Place Their Bets

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $142,492.75. Following the transaction, the chief financial officer now directly owns 278,493 shares in the company, valued at $11,627,082.75. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $236,847.75. Following the transaction, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,469 shares of company stock worth $520,276 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

A number of large investors have recently modified their holdings of the stock. Covestor Ltd increased its holdings in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the last quarter. Larson Financial Group LLC boosted its stake in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. Quest Partners LLC acquired a new position in Tenable in the second quarter valued at $40,000. Truvestments Capital LLC acquired a new position in Tenable in the third quarter valued at $171,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after acquiring an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Price Performance

NASDAQ:TENB opened at $40.79 on Monday. Tenable has a 12 month low of $35.25 and a 12 month high of $53.50. The stock has a 50 day moving average of $40.81 and a two-hundred day moving average of $41.90. 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 $4.90 billion, a P/E ratio of -79.98 and a beta of 0.83.

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.