Tenable Holdings, Inc. (NASDAQ:TENB) Receives $56.63 Consensus Price Target from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.20.

A number of research analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Tenable in a research note on Wednesday, April 10th. Truist Financial raised their target price on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Scotiabank started coverage on Tenable in a report on Friday. They set a “sector perform” rating and a $47.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $62.00 price target on shares of Tenable in a research note on Tuesday, April 23rd. Finally, Morgan Stanley upgraded Tenable from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $46.00 to $60.00 in a research report on Tuesday, January 9th.

Insider Buying and Selling at Tenable

In related news, CEO Amit Yoran sold 12,329 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total value of $569,846.38. Following the sale, the chief executive officer now directly owns 304,444 shares of the company’s stock, valued at $14,071,401.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Stephen A. Vintz sold 5,216 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.22, for a total transaction of $241,083.52. Following the completion of the transaction, the chief financial officer now owns 238,593 shares of the company’s stock, valued at $11,027,768.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amit Yoran sold 12,329 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total value of $569,846.38. Following the transaction, the chief executive officer now directly owns 304,444 shares of the company’s stock, valued at $14,071,401.68. The disclosure for this sale can be found here. Insiders sold a total of 317,382 shares of company stock worth $15,021,615 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanderbilt University increased its stake in shares of Tenable by 51.4% in the 4th quarter. Vanderbilt University now owns 65,313 shares of the company’s stock valued at $3,008,000 after acquiring an additional 22,187 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Tenable by 39.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after purchasing an additional 23,385 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Tenable by 60.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 32,000 shares of the company’s stock worth $1,419,000 after purchasing an additional 12,000 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Tenable by 15.9% in the 3rd quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock valued at $80,278,000 after buying an additional 245,243 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Tenable by 6.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 801,267 shares of the company’s stock valued at $36,906,000 after buying an additional 48,410 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Trading Down 0.7 %

Shares of Tenable stock opened at $45.66 on Thursday. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The firm has a market capitalization of $5.42 billion, a PE ratio of -67.15 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The company’s fifty day moving average price is $47.29 and its two-hundred day moving average price is $45.16.

Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The business had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. On average, analysts expect that Tenable will post -0.12 EPS for the current year.

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.