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

Tenable Holdings, Inc. (NASDAQ:TENB) has received an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.78.

TENB has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, March 31st. Stephens cut shares of Tenable from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Morgan Stanley reduced their target price on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus dropped their price target on shares of Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Finally, Needham & Company LLC dropped their price target on shares of Tenable from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th.

Insider Activity

In other news, insider Barron Anschutz sold 970 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.08, for a total value of $32,087.60. Following the sale, the insider owned 58,311 shares of the company’s stock, valued at approximately $1,928,927.88. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen A. Vintz sold 3,386 shares of Tenable stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $109,875.70. Following the sale, the chief executive officer owned 328,008 shares of the company’s stock, valued at $10,643,859.60. The trade was a 1.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,815 shares of company stock valued at $669,797. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TENB. Raymond James Financial Inc. bought a new stake in shares of Tenable in the 4th quarter valued at about $2,687,000. Swiss National Bank increased its holdings in Tenable by 0.8% in the 4th quarter. Swiss National Bank now owns 234,200 shares of the company’s stock worth $9,223,000 after acquiring an additional 1,800 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Tenable during the fourth quarter worth $435,000. Thrivent Financial for Lutherans grew its holdings in shares of Tenable by 10.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 38,273 shares of the company’s stock worth $1,507,000 after buying an additional 3,600 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of Tenable by 9.9% during the fourth quarter. Xponance Inc. now owns 8,459 shares of the company’s stock worth $333,000 after buying an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Trading Down 0.8%

Shares of TENB opened at $33.04 on Friday. The firm’s 50-day moving average price is $32.92 and its 200-day moving average price is $35.54. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -89.29 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. Tenable has a 1-year low of $28.75 and a 1-year high of $49.18.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The business had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Tenable’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Tenable will post 0.12 EPS for the current year.

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.