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

Tenable Holdings, Inc. (NASDAQ:TENB) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $57.20.

A number of research analysts have issued reports on TENB shares. Wells Fargo & Company upped their price objective on Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $62.00 price objective on shares of Tenable in a research note on Tuesday, May 14th. Susquehanna upped their price objective on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Stephens upped their price objective on Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Scotiabank assumed coverage on Tenable in a research note on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price objective for the company.

Tenable Trading Down 0.6 %

Shares of Tenable stock opened at $44.00 on Monday. The stock has a fifty day simple moving average of $46.63 and a 200 day simple moving average of $45.39. Tenable has a 12-month low of $33.85 and a 12-month high of $53.50. The company has a market capitalization of $5.23 billion, a P/E ratio of -75.86 and a beta of 0.94. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.00.

Insider Buying and Selling

In related news, COO Mark C. Thurmond sold 1,089 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total transaction of $51,977.97. Following the sale, the chief operating officer now owns 48,846 shares of the company’s stock, valued at approximately $2,331,419.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tenable news, COO Mark C. Thurmond sold 1,089 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total value of $51,977.97. Following the sale, the chief operating officer now owns 48,846 shares of the company’s stock, valued at approximately $2,331,419.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 15,505 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,782,713.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 310,806 shares of company stock valued at $14,701,441. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently modified their holdings of TENB. Norges Bank purchased a new stake in shares of Tenable in the 4th quarter valued at about $56,568,000. William Blair Investment Management LLC increased its position in shares of Tenable by 36.6% during the 3rd quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock valued at $135,668,000 after purchasing an additional 810,831 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Tenable during the 4th quarter valued at about $32,199,000. First Trust Advisors LP increased its position in shares of Tenable by 18.0% during the 4th quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock valued at $205,085,000 after purchasing an additional 680,477 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its position in shares of Tenable by 59.5% during the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock valued at $78,650,000 after purchasing an additional 593,529 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.