Stifel Nicolaus Raises Tenable (NASDAQ:TENB) Price Target to $66.00

Tenable (NASDAQ:TENBGet Rating) had its price target increased by equities research analysts at Stifel Nicolaus from $63.00 to $66.00 in a note issued to investors on Wednesday, The Fly reports. Stifel Nicolaus’ price target indicates a potential upside of 18.88% from the company’s previous close.

Several other research analysts have also weighed in on TENB. Piper Sandler upped their target price on shares of Tenable from $65.00 to $72.00 in a research report on Thursday, January 6th. Canaccord Genuity Group upped their price target on shares of Tenable from $62.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Wedbush reaffirmed a “buy” rating and issued a $70.00 price target on shares of Tenable in a report on Wednesday, February 2nd. DA Davidson assumed coverage on shares of Tenable in a report on Monday, April 11th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of Tenable in a report on Monday, April 11th. They issued an “outperform” rating and a $70.00 price target on the stock. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $66.67.

Shares of Tenable stock opened at $55.52 on Wednesday. Tenable has a 52-week low of $35.53 and a 52-week high of $63.61. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.69. The business’s 50-day moving average price is $55.30. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of -129.11 and a beta of 1.60.

Tenable (NASDAQ:TENBGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.21. Tenable had a negative net margin of 8.63% and a negative return on equity of 21.32%. During the same quarter last year, the business earned ($0.03) EPS. Equities analysts forecast that Tenable will post -0.7 EPS for the current fiscal year.

In related news, CEO Amit Yoran sold 100,000 shares of the firm’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $62.44, for a total transaction of $6,244,000.00. Following the completion of the sale, the chief executive officer now directly owns 180,245 shares of the company’s stock, valued at approximately $11,254,497.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arthur W. Coviello, Jr. sold 19,166 shares of the firm’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $57.83, for a total transaction of $1,108,369.78. Following the sale, the director now directly owns 20,917 shares of the company’s stock, valued at $1,209,630.11. The disclosure for this sale can be found here. Insiders sold 277,646 shares of company stock valued at $15,782,827 in the last three months. Company insiders own 8.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC boosted its stake in Tenable by 23.5% during the 3rd quarter. Millennium Management LLC now owns 930,166 shares of the company’s stock valued at $42,918,000 after acquiring an additional 177,209 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Tenable by 1.6% in the 3rd quarter. Voya Investment Management LLC now owns 35,641 shares of the company’s stock worth $1,645,000 after buying an additional 566 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Tenable by 200.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 87,869 shares of the company’s stock worth $4,054,000 after buying an additional 58,664 shares during the last quarter. Truist Financial Corp lifted its position in shares of Tenable by 9.6% in the 3rd quarter. Truist Financial Corp now owns 8,314 shares of the company’s stock worth $383,000 after buying an additional 730 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Tenable by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 20,134 shares of the company’s stock worth $929,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 82.30% of the company’s stock.

Tenable Company Profile (Get Rating)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

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