Tenable Holdings, Inc. (NASDAQ:TENB) Director Arthur W. Coviello, Jr. sold 19,166 shares of the company’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $37.23, for a total transaction of $713,550.18. Following the sale, the director now directly owns 33,406 shares in the company, valued at $1,243,705.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
TENB stock opened at $37.52 on Thursday. The company’s 50 day moving average is $39.78 and its 200 day moving average is $42.24. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -46.90 and a beta of 1.81. Tenable Holdings, Inc. has a 1-year low of $20.85 and a 1-year high of $58.45.
Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, February 2nd. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. The company had revenue of $118.08 million for the quarter, compared to analysts’ expectations of $114.59 million. Tenable had a negative net margin of 18.87% and a negative return on equity of 56.02%. Tenable’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) earnings per share. Equities analysts anticipate that Tenable Holdings, Inc. will post -0.47 earnings per share for the current fiscal year.
Several equities research analysts have commented on the stock. Canaccord Genuity assumed coverage on shares of Tenable in a report on Tuesday, February 16th. They set a “buy” rating and a $57.00 price objective on the stock. Truist upped their price objective on shares of Tenable from $43.00 to $65.00 in a report on Wednesday, January 27th. Barclays began coverage on shares of Tenable in a report on Monday, March 1st. They set an “overweight” rating and a $54.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Tenable in a report on Wednesday, February 17th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group increased their price target on shares of Tenable from $41.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.73.
Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company's platforms include Tenable.io, a cloud-delivered software as a service; and Tenable.sc, an on-premises solution. Its platforms provides organizations with a risk-based view of traditional and modern attack surfaces to deliver a complete and continuous view of assets, associated vulnerabilities, internal and regulatory compliance violations, misconfigurations, and other cybersecurity issues, as well as prioritizes these issues for remediation based on risk assessment and predictive analytics, and provides insightful remediation guidance.
See Also: What is the Federal Reserve?
Receive News & Ratings for Tenable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenable and related companies with MarketBeat.com's FREE daily email newsletter.