Tenable (NASDAQ:TENB) Now Covered by Analysts at Stephens

Stephens initiated coverage on shares of Tenable (NASDAQ:TENB) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $42.00 target price on the stock.

Other equities research analysts also recently issued research reports about the company. Scotiabank raised their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Barclays boosted their target price on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Truist Financial decreased their price target on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday. Jefferies Financial Group lowered their target price on shares of Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday. Finally, Morgan Stanley began coverage on shares of Tenable in a research note on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 price target on the stock. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.76.

Tenable Price Performance

TENB stock opened at $33.35 on Tuesday. The company has a fifty day simple moving average of $38.56 and a two-hundred day simple moving average of $40.19. Tenable has a 52 week low of $32.96 and a 52 week high of $50.07. 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 firm has a market capitalization of $4.01 billion, a P/E ratio of -111.17 and a beta of 0.87.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently bought and sold shares of TENB. FMR LLC grew its stake in shares of Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock valued at $610,987,000 after buying an additional 304,237 shares during the period. Vanguard Group Inc. lifted its holdings in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock valued at $549,234,000 after acquiring an additional 708,249 shares during the last quarter. State Street Corp grew its position in Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after acquiring an additional 73,293 shares during the period. Geode Capital Management LLC increased its stake in Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock worth $110,416,000 after acquiring an additional 8,746 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Tenable by 6.2% in the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock valued at $91,860,000 after purchasing an additional 137,150 shares during the period. 89.06% of the stock is 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.