Tenable (NASDAQ:TENB) Now Covered by Robert W. Baird

Robert W. Baird started coverage on shares of Tenable (NASDAQ:TENB) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $55.00 price target on the stock.

Several other equities research analysts have also commented on TENB. Needham & Company LLC reiterated a buy rating and issued a $62.00 price objective on shares of Tenable in a research report on Friday, June 14th. Wedbush reiterated an outperform rating and issued a $65.00 price objective on shares of Tenable in a research report on Thursday, May 2nd. Finally, Scotiabank initiated coverage on shares of Tenable in a research report on Friday, April 26th. They issued a sector perform rating and a $47.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $57.40.

Tenable Price Performance

Shares of NASDAQ TENB opened at $43.86 on Monday. The firm has a market capitalization of $5.21 billion, a P/E ratio of -75.62 and a beta of 0.86. Tenable has a one year low of $33.85 and a one year high of $53.50. The company’s fifty day moving average is $42.48 and its two-hundred day moving average is $45.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping 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 analyst estimates of $213.56 million. Analysts forecast that Tenable will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total value of $41,727.53. Following the transaction, the chief operating officer now directly owns 32,906 shares in the company, valued at approximately $1,446,876.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Linda Kay Zecher sold 2,350 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $43.47, for a total transaction of $102,154.50. Following the completion of the transaction, the director now owns 2,853 shares of the company’s stock, valued at approximately $124,019.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total transaction of $41,727.53. Following the transaction, the chief operating officer now directly owns 32,906 shares of the company’s stock, valued at approximately $1,446,876.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,132 shares of company stock worth $1,049,183. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TENB. Principal Securities Inc. acquired a new position in shares of Tenable during the 4th quarter valued at about $35,000. Fidelis Capital Partners LLC acquired a new position in shares of Tenable during the 1st quarter valued at about $58,000. SG Americas Securities LLC acquired a new position in shares of Tenable during the 4th quarter valued at about $127,000. Verity & Verity LLC acquired a new position in shares of Tenable during the 1st quarter valued at about $127,000. Finally, Allspring Global Investments Holdings LLC increased its position in Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after purchasing an additional 312 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Company Profile

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.