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

Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $57.57.

A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $62.00 target price on shares of Tenable in a research report on Friday, June 14th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Tenable in a research note on Thursday, May 2nd. Finally, Scotiabank began coverage on Tenable in a research report on Friday, April 26th. They set a “sector perform” rating and a $47.00 target price on the stock.

Check Out Our Latest Report on TENB

Tenable Trading Down 2.2 %

NASDAQ:TENB opened at $42.83 on Tuesday. The firm has a market capitalization of $5.09 billion, a P/E ratio of -73.84 and a beta of 0.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.23. Tenable has a one year low of $33.85 and a one year high of $53.50. The company’s 50-day simple moving average is $42.71 and its 200 day simple moving average is $45.73.

Tenable (NASDAQ:TENBGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. The firm had revenue of $215.96 million for the quarter, compared to the consensus estimate of $213.56 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. As a group, analysts forecast that Tenable will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amit Yoran sold 4,851 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.76, for a total transaction of $212,279.76. Following the completion of the transaction, the chief executive officer now directly owns 361,457 shares of the company’s stock, valued at approximately $15,817,358.32. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, COO Mark C. Thurmond sold 949 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total value of $41,727.53. Following the completion of the transaction, the chief operating officer now directly owns 32,906 shares of the company’s stock, valued at approximately $1,446,876.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 4,851 shares of Tenable stock in a transaction on Monday, May 20th. The stock was sold at an average price of $43.76, for a total transaction of $212,279.76. Following the sale, the chief executive officer now directly owns 361,457 shares in the company, valued at approximately $15,817,358.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,132 shares of company stock valued at $1,049,183. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC boosted its position in shares of Tenable by 16.7% during the 4th quarter. Corient Private Wealth LLC now owns 77,383 shares of the company’s stock worth $3,564,000 after purchasing an additional 11,088 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Tenable by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 981,899 shares of the company’s stock valued at $45,226,000 after buying an additional 26,496 shares in the last quarter. Vanderbilt University grew its stake in shares of Tenable by 51.4% in the fourth quarter. Vanderbilt University now owns 65,313 shares of the company’s stock valued at $3,008,000 after buying an additional 22,187 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Tenable in the 1st quarter valued at $1,239,000. Finally, Mutual of America Capital Management LLC grew its position in Tenable by 39.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after acquiring an additional 23,385 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

About Tenable

(Get Free Report

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.

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Analyst Recommendations for Tenable (NASDAQ:TENB)

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