Tenable Holdings, Inc. (NASDAQ:TENB) Receives Average Rating of “Buy” from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) have received an average rating of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $67.62.

A number of research analysts have commented on the company. Wedbush restated a “buy” rating and set a $70.00 price objective on shares of Tenable in a research note on Wednesday, February 2nd. Zacks Investment Research cut Tenable from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Canaccord Genuity Group boosted their price target on Tenable from $62.00 to $75.00 in a research note on Thursday, April 21st. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of Tenable in a research note on Monday, April 25th. Finally, Wolfe Research began coverage on Tenable in a report on Monday, April 11th. They issued an “outperform” rating and a $70.00 price objective for the company.

Shares of TENB opened at $49.45 on Thursday. Tenable has a fifty-two week low of $38.77 and a fifty-two week high of $63.61. The company’s fifty day moving average is $54.31 and its two-hundred day moving average is $52.33. The firm has a market cap of $5.47 billion, a PE ratio of -85.26 and a beta of 1.53. The company has a quick ratio of 1.55, a current ratio of 1.56 and a debt-to-equity ratio of 1.60.

Tenable (NASDAQ:TENBGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.21. Tenable had a negative return on equity of 27.76% and a negative net margin of 10.99%. During the same period in the previous year, the company earned ($0.03) EPS. As a group, equities research analysts anticipate that Tenable will post -0.55 earnings per share for the current year.

In other news, CEO Amit Yoran sold 100,000 shares of Tenable stock in a transaction dated 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 sale, the chief executive officer now directly owns 180,245 shares in the company, valued at approximately $11,254,497.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Stephen A. Riddick sold 3,569 shares of Tenable stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $47.42, for a total transaction of $169,241.98. Following the sale, the general counsel now owns 43,772 shares in the company, valued at $2,075,668.24. The disclosure for this sale can be found here. Insiders sold a total of 278,740 shares of company stock worth $15,894,368 over the last quarter. 4.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in TENB. Vanguard Group Inc. raised its stake in shares of Tenable by 6.4% in the first quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company’s stock worth $572,138,000 after acquiring an additional 595,338 shares during the last quarter. BlackRock Inc. grew its position in shares of Tenable by 2.1% during the 1st quarter. BlackRock Inc. now owns 7,809,324 shares of the company’s stock worth $451,302,000 after buying an additional 163,682 shares during the period. First Trust Advisors LP grew its position in shares of Tenable by 3.1% during the 4th quarter. First Trust Advisors LP now owns 3,744,238 shares of the company’s stock worth $206,195,000 after buying an additional 111,941 shares during the period. Mackenzie Financial Corp grew its position in shares of Tenable by 1.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,028,326 shares of the company’s stock worth $175,007,000 after buying an additional 38,358 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Tenable by 75.6% during the third quarter. Wellington Management Group LLP now owns 2,149,819 shares of the company’s stock valued at $99,192,000 after purchasing an additional 925,504 shares during the period. 83.39% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for Tenable (NASDAQ:TENB)

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