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

Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $51.14.

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Tenable from $71.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, August 2nd. William Blair restated an “outperform” rating on shares of Tenable in a research note on Wednesday, July 20th. Berenberg Bank assumed coverage on Tenable in a report on Thursday, October 20th. They issued a “hold” rating and a $32.00 price objective for the company. TheStreet lowered Tenable from a “c-” rating to a “d+” rating in a report on Friday, September 16th. Finally, Needham & Company LLC dropped their price target on Tenable from $52.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th.

Tenable Trading Down 2.5 %

Shares of Tenable stock opened at $39.32 on Thursday. Tenable has a 52-week low of $28.80 and a 52-week high of $63.61. The firm has a 50-day moving average of $36.21 and a 200-day moving average of $42.40. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $4.42 billion, a PE ratio of -53.13 and a beta of 1.35.

Insider Transactions at Tenable

In related news, CEO Amit Yoran sold 6,686 shares of Tenable stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $40.63, for a total transaction of $271,652.18. Following the transaction, the chief executive officer now owns 123,552 shares in the company, valued at approximately $5,019,917.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Arthur W. Coviello, Jr. sold 19,166 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $35.02, for a total value of $671,193.32. Following the completion of the sale, the director now owns 25,879 shares in the company, valued at approximately $906,282.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amit Yoran sold 6,686 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $40.63, for a total transaction of $271,652.18. Following the completion of the transaction, the chief executive officer now owns 123,552 shares in the company, valued at approximately $5,019,917.76. The disclosure for this sale can be found here. Insiders sold a total of 33,676 shares of company stock valued at $1,262,467 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Tenable

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alpha Paradigm Partners LLC grew its stake in shares of Tenable by 12.3% during the third quarter. Alpha Paradigm Partners LLC now owns 10,048 shares of the company’s stock worth $350,000 after purchasing an additional 1,101 shares during the period. Balyasny Asset Management LLC raised its stake in Tenable by 112.4% in the third quarter. Balyasny Asset Management LLC now owns 202,096 shares of the company’s stock valued at $7,033,000 after buying an additional 106,957 shares during the period. Baird Financial Group Inc. grew its position in shares of Tenable by 13.6% in the third quarter. Baird Financial Group Inc. now owns 44,884 shares of the company’s stock valued at $1,562,000 after purchasing an additional 5,388 shares during the last quarter. Fred Alger Management LLC grew its position in shares of Tenable by 42.6% in the third quarter. Fred Alger Management LLC now owns 1,369,594 shares of the company’s stock valued at $47,662,000 after purchasing an additional 409,169 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in Tenable by 12.9% during the third quarter. SeaCrest Wealth Management LLC now owns 8,750 shares of the company’s stock worth $305,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.

Tenable Company Profile

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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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Analyst Recommendations for Tenable (NASDAQ:TENB)

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