Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $50.63

Tenable Holdings, Inc. (NASDAQ:TENB) has earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $50.63.

A number of analysts have weighed in on TENB shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Tenable in a research report on Tuesday, October 29th. Robert W. Baird reduced their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Piper Sandler reduced their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Barclays dropped their price objective on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Finally, Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $38.97 on Tuesday. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The business has a 50-day moving average of $41.33 and a two-hundred day moving average of $41.50. The stock has a market capitalization of $4.68 billion, a P/E ratio of -76.41 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.

Insider Buying and Selling at Tenable

In other news, CEO Amit Yoran sold 5,293 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the transaction, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at $2,209,273.34. The trade was a 9.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark C. Thurmond sold 2,209 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares in the company, valued at $1,444,745.60. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,654 shares of company stock valued at $862,879. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after buying an additional 73,293 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $113,255,000 after acquiring an additional 33,303 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Tenable during the 3rd quarter valued at $2,494,000. Centiva Capital LP bought a new stake in shares of Tenable during the 3rd quarter valued at $608,000. Finally, Barclays PLC raised its position in shares of Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after acquiring an additional 177,048 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.