Tenable Holdings, Inc. (NASDAQ:TENB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $57.20.

A number of equities research analysts have weighed in on the company. Stephens lifted their price objective on Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Truist Financial upped their price objective on Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Needham & Company LLC reissued a “buy” rating and issued a $62.00 target price on shares of Tenable in a report on Tuesday, May 14th. Scotiabank started coverage on shares of Tenable in a research note on Friday, April 26th. They set a “sector perform” rating and a $47.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a research note on Thursday, May 2nd.

Insider Transactions at Tenable

In related news, Director Linda Kay Zecher sold 2,350 shares of Tenable stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $43.47, for a total transaction of $102,154.50. Following the completion of the sale, the director now owns 2,853 shares in the company, valued at approximately $124,019.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Tenable news, CFO Stephen A. Vintz sold 200,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $46.93, for a total transaction of $9,386,000.00. Following the transaction, the chief financial officer now owns 257,256 shares of the company’s stock, valued at approximately $12,073,024.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Kay Zecher sold 2,350 shares of Tenable stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $43.47, for a total value of $102,154.50. Following the completion of the sale, the director now directly owns 2,853 shares of the company’s stock, valued at approximately $124,019.91. The disclosure for this sale can be found here. Insiders sold a total of 263,792 shares of company stock valued at $12,435,502 over the last three months. 4.30% of the stock is currently owned by insiders.

Institutional Trading of Tenable

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Washington Harbour Partners LP boosted its position in shares of Tenable by 247.9% in the first quarter. Washington Harbour Partners LP now owns 128,015 shares of the company’s stock worth $6,328,000 after acquiring an additional 91,215 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Tenable by 157.8% during the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after buying an additional 14,244 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Tenable by 8.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,112,156 shares of the company’s stock worth $54,974,000 after buying an additional 86,660 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Tenable in the 1st quarter worth $1,310,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Tenable by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company’s stock valued at $44,426,000 after acquiring an additional 7,258 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Trading Up 1.4 %

Shares of TENB stock opened at $43.74 on Monday. Tenable has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $46.32 and its two-hundred day moving average is $45.56. The company has a market capitalization of $5.20 billion, a P/E ratio of -75.41 and a beta of 0.94.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. The company had revenue of $215.96 million for the quarter, compared to analysts’ expectations of $213.56 million. Equities analysts forecast that Tenable will post -0.14 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.