Jefferies Financial Group Issues Pessimistic Forecast for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its target price cut by Jefferies Financial Group from $45.00 to $37.00 in a report released on Monday,Benzinga reports. They currently have a hold rating on the stock.

TENB has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Morgan Stanley began coverage on Tenable in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 price target on the stock. Barclays lifted their price target on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Finally, Scotiabank boosted their target price on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.76.

Tenable Trading Down 0.0 %

NASDAQ:TENB opened at $35.16 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $4.23 billion, a P/E ratio of -117.20 and a beta of 0.87. The stock’s 50 day moving average price is $38.77 and its 200 day moving average price is $40.24. Tenable has a 52 week low of $33.84 and a 52 week high of $50.07.

Tenable (NASDAQ:TENB) last issued its quarterly 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 return on equity of 2.07% and a negative net margin of 4.03%. On average, research analysts forecast that Tenable will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the transaction, the director now owns 8,659 shares of the company’s stock, valued at $333,544.68. The trade was a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,937 shares of company stock worth $570,418. 4.30% of the stock is owned by company insiders.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently bought and sold shares of TENB. State Street Corp grew its holdings in shares of Tenable by 2.6% during the third 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 increased its holdings in shares of Tenable by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after buying an additional 33,303 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Tenable during the 4th quarter valued at $15,653,000. Nordea Investment Management AB lifted its holdings in shares of Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after acquiring an additional 25,247 shares during the last quarter. Finally, Barclays PLC grew its position in Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after acquiring an additional 177,048 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.