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

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $49.67.

Several brokerages have recently weighed in on TENB. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Piper Sandler dropped their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Jefferies Financial Group increased their target price on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th.

Insider Activity at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tenable

Large investors have recently modified their holdings of the business. State Street Corp boosted its stake in Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after purchasing an additional 33,303 shares during the period. Assenagon Asset Management S.A. purchased a new position in Tenable in the fourth quarter valued at $15,653,000. Nordea Investment Management AB raised its holdings in Tenable by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after purchasing an additional 25,247 shares during the period. Finally, Fiera Capital Corp purchased a new position in shares of Tenable during the 3rd quarter valued at approximately $2,494,000. Institutional investors own 89.06% of the company’s stock.

Tenable Price Performance

Shares of Tenable stock opened at $38.71 on Wednesday. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -129.03 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $40.60 and a two-hundred day simple moving average of $41.01. Tenable has a twelve month low of $35.25 and a twelve month high of $50.30.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Analysts forecast that Tenable will post 0.12 EPS for the current year.

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.