Tenable (NASDAQ:TENB) Price Target Raised to $45.00

Tenable (NASDAQ:TENB) had its price objective boosted by Jefferies Financial Group from $40.00 to $45.00 in a research note published on Thursday,Benzinga reports. They currently have a hold rating on the stock.

Other research analysts have also issued research reports about the stock. Piper Sandler dropped their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Robert W. Baird decreased their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Stock Up 0.3 %

TENB opened at $41.05 on Thursday. The company has a market capitalization of $4.93 billion, a P/E ratio of -80.49 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s fifty day moving average price is $41.67 and its two-hundred day moving average price is $41.56. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50.

Insider Activity at Tenable

In related news, CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the transaction, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 3,180 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $135,913.20. Following the sale, the chief financial officer now directly owns 285,045 shares of the company’s stock, valued at $12,182,823.30. This represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock valued at $862,879 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

A number of institutional investors have recently bought and sold shares of TENB. Covestor Ltd boosted its position in shares of Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after buying an additional 652 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Tenable during the 2nd quarter worth about $40,000. Truvestments Capital LLC bought a new stake in shares of Tenable in the 3rd quarter valued at about $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tenable in the 2nd quarter valued at approximately $200,000. Institutional investors and hedge funds 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.