Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Recommendation of “Hold” by Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have received an average rating of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.4118.

Several equities research analysts have recently issued reports on TENB shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Tenable in a research report on Friday. DA Davidson decreased their target price on Tenable from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday. Piper Sandler lowered their target price on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Truist Financial set a $27.00 price target on Tenable in a research report on Tuesday, January 20th. Finally, Canaccord Genuity Group reduced their price objective on Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, October 30th.

Tenable Price Performance

NASDAQ TENB opened at $20.05 on Wednesday. Tenable has a 1 year low of $19.58 and a 1 year high of $43.68. The company has a fifty day simple moving average of $24.06 and a 200 day simple moving average of $27.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.39 billion, a P/E ratio of -74.26 and a beta of 0.63.

Insider Buying and Selling

In other news, Director A Brooke Seawell sold 115,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Wealth LLC bought a new stake in Tenable in the 4th quarter valued at $754,000. Horizon Investments LLC increased its holdings in shares of Tenable by 123.6% during the fourth quarter. Horizon Investments LLC now owns 3,434 shares of the company’s stock worth $81,000 after buying an additional 1,898 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Tenable by 18.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 83,599 shares of the company’s stock worth $1,967,000 after purchasing an additional 12,885 shares in the last quarter. UBS Group AG increased its stake in shares of Tenable by 327.6% in the fourth quarter. UBS Group AG now owns 3,092,577 shares of the company’s stock valued at $72,768,000 after buying an additional 2,369,402 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Tenable by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 15,427,510 shares of the company’s stock valued at $363,009,000 after acquiring an additional 465,039 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.