Tenable Holdings, Inc. (NASDAQ:TENB) Given Consensus Rating of “Moderate Buy” by Brokerages

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $50.25.

Several research firms have recently commented on TENB. Jefferies Financial Group upped their price target on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Robert W. Baird lowered their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Monday, January 6th. Piper Sandler lowered their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 17th.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the sale, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the sale, the director now directly owns 8,659 shares of the company’s stock, valued at $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,463 shares of company stock valued at $894,042. 4.30% of the stock is owned by insiders.

Institutional Trading of Tenable

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd increased its holdings in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. Xponance Inc. increased its holdings in Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after buying an additional 389 shares during the last quarter. Fulton Bank N.A. increased its holdings in Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after buying an additional 443 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Tenable by 0.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after buying an additional 457 shares during the last quarter. Finally, Olympiad Research LP increased its holdings in Tenable by 11.1% in the third quarter. Olympiad Research LP now owns 5,287 shares of the company’s stock worth $214,000 after buying an additional 528 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Down 2.3 %

TENB stock opened at $43.48 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable has a 1-year low of $35.25 and a 1-year high of $53.50. The firm has a fifty day moving average price of $41.37 and a two-hundred day moving average price of $41.39. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of -85.25 and a beta of 0.85.

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.