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

Tenable Holdings, Inc. (NASDAQ:TENB) has earned a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.44.

Several equities research analysts recently commented on TENB shares. Stifel Nicolaus dropped their target price on Tenable from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Truist Financial dropped their target price on Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Barclays dropped their target price on Tenable from $40.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their target price on Tenable from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th.

Tenable Stock Performance

TENB opened at $32.15 on Friday. The business’s 50 day moving average is $32.70 and its 200-day moving average is $37.67. The stock has a market cap of $3.93 billion, a PE ratio of -107.17 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a twelve month low of $28.75 and a twelve month high of $49.18.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $239.14 million for the quarter, compared to analysts’ expectations of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts predict that Tenable will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mark C. Thurmond sold 5,577 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $178,352.46. Following the transaction, the chief executive officer now directly owns 75,210 shares in the company, valued at $2,405,215.80. The trade was a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Barron Anschutz sold 1,245 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $39,815.10. Following the transaction, the insider now owns 57,905 shares in the company, valued at approximately $1,851,801.90. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,345 shares of company stock worth $730,209. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently modified their holdings of TENB. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Tenable in the fourth quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in Tenable in the fourth quarter worth $38,000. Byrne Asset Management LLC boosted its holdings in Tenable by 115.4% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock worth $47,000 after purchasing an additional 727 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Tenable in the fourth quarter worth $53,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

About Tenable

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.