Tenable (NASDAQ:TENB) Price Target Cut to $53.00 by Analysts at Robert W. Baird

Tenable (NASDAQ:TENB) had its target price reduced by Robert W. Baird from $55.00 to $53.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on TENB. Scotiabank initiated coverage on Tenable in a report on Friday, April 26th. They issued a sector perform rating and a $47.00 target price for the company. Baird R W raised Tenable to a strong-buy rating in a research report on Monday, July 15th. Wedbush reaffirmed an outperform rating and set a $65.00 price target on shares of Tenable in a report on Thursday, May 2nd. Westpark Capital reiterated a buy rating and issued a $54.00 price target on shares of Tenable in a research note on Monday, July 29th. Finally, DA Davidson downgraded shares of Tenable from a buy rating to a neutral rating and lowered their price objective for the company from $56.00 to $40.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tenable has an average rating of Moderate Buy and an average target price of $53.00.

Tenable Stock Down 1.7 %

Shares of Tenable stock opened at $41.77 on Thursday. The company has a 50-day simple moving average of $42.39 and a two-hundred day simple moving average of $45.44. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $4.97 billion, a PE ratio of -72.02 and a beta of 0.86.

Insiders Place Their Bets

In other Tenable news, insider Mark C. Thurmond 4,700 shares of Tenable stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Yoran Amit 70,000 shares of Tenable stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark C. Thurmond 4,700 shares of the company’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold 64,132 shares of company stock valued at $2,957,983 over the last three months. 4.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tenable

A number of large investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of Tenable during the fourth quarter worth $35,000. Fidelis Capital Partners LLC purchased a new position in Tenable in the 1st quarter worth about $58,000. SG Americas Securities LLC bought a new stake in Tenable during the 4th quarter valued at about $127,000. Verity & Verity LLC purchased a new stake in Tenable in the 1st quarter valued at about $127,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Tenable by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after acquiring an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.