Shares of Tufin Software Technologies Ltd (NYSE:TUFN) have received an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.57.
A number of research analysts have commented on TUFN shares. Barclays restated a “buy” rating and set a $34.00 price objective on shares of Tufin Software Technologies in a research note on Thursday, July 18th. Zacks Investment Research upgraded Tufin Software Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th.
Several institutional investors and hedge funds have recently modified their holdings of the business. River & Mercantile Asset Management LLP acquired a new position in shares of Tufin Software Technologies during the second quarter worth about $672,000. Steadfast Capital Management LP acquired a new position in shares of Tufin Software Technologies during the second quarter worth about $20,773,000. Verition Fund Management LLC acquired a new position in shares of Tufin Software Technologies during the second quarter worth about $1,295,000. Waddell & Reed Financial Inc. acquired a new position in shares of Tufin Software Technologies during the second quarter worth about $9,708,000. Finally, Citadel Advisors LLC acquired a new position in shares of Tufin Software Technologies in the second quarter worth about $281,000. Institutional investors own 26.15% of the company’s stock.
TUFN stock traded up $0.40 during trading on Friday, reaching $17.71. 200,393 shares of the stock traded hands, compared to its average volume of 286,225. The firm’s 50 day simple moving average is $18.47. Tufin Software Technologies has a 52-week low of $15.15 and a 52-week high of $31.04.
Tufin Software Technologies (NYSE:TUFN) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.06. The firm had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $23.99 million. Tufin Software Technologies’s revenue was up 35.7% compared to the same quarter last year. Equities analysts predict that Tufin Software Technologies will post -0.79 earnings per share for the current fiscal year.
Tufin Software Technologies Company Profile
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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