Tenable Holdings, Inc. (NASDAQ:TENB) Receives $50.63 Consensus Target Price from Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $50.63.

TENB has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Tuesday, October 29th. Jefferies Financial Group boosted their target price on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Westpark Capital reiterated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Robert W. Baird reduced their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th.

Tenable Trading Up 0.3 %

NASDAQ TENB opened at $39.08 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $41.28 and a 200 day simple moving average of $41.49. Tenable has a 12 month low of $35.25 and a 12 month high of $53.50. The firm has a market capitalization of $4.69 billion, a P/E ratio of -76.63 and a beta of 0.83.

Insider Transactions at Tenable

In related news, CEO Amit Yoran sold 4,828 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the sale, the chief executive officer now owns 45,171 shares in the company, valued at approximately $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen A. Vintz sold 2,801 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the transaction, the chief financial officer now owns 281,536 shares of the company’s stock, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,654 shares of company stock valued at $862,879. 4.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tenable

A number of hedge funds and other institutional investors have recently modified their holdings of TENB. Franklin Resources Inc. boosted its position in Tenable by 7.3% during the third quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock valued at $18,984,000 after buying an additional 30,530 shares during the period. Tidal Investments LLC lifted its stake in shares of Tenable by 19.4% in the 3rd quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock valued at $1,277,000 after acquiring an additional 5,116 shares during the last quarter. Virtu Financial LLC purchased a new stake in Tenable during the 3rd quarter valued at about $282,000. Geode Capital Management LLC boosted its holdings in Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after acquiring an additional 33,303 shares during the period. Finally, Barclays PLC grew its position in Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after acquiring an additional 177,048 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.