Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) Price Target at $49.67

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $49.67.

A number of brokerages recently weighed in on TENB. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price target (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Piper Sandler dropped their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Barclays increased their target price on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Jefferies Financial Group lifted their price target on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 17th.

Insider Activity at Tenable

In related news, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Tenable

Institutional investors have recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock worth $610,987,000 after acquiring an additional 304,237 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Tenable by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock valued at $549,234,000 after purchasing an additional 708,249 shares during the period. State Street Corp grew its position in shares of Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after buying an additional 73,293 shares during the period. Geode Capital Management LLC grew its holdings in Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock valued at $110,416,000 after purchasing an additional 8,746 shares during the period. Finally, First Trust Advisors LP raised its stake in Tenable by 6.2% during the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock worth $91,860,000 after buying an additional 137,150 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Stock Up 0.2 %

Shares of NASDAQ:TENB opened at $38.71 on Wednesday. The firm has a market capitalization of $4.65 billion, a PE ratio of -129.03 and a beta of 0.87. Tenable has a 1 year low of $35.25 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50-day moving average is $40.60 and its two-hundred day moving average is $41.01.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Analysts predict that Tenable will post 0.12 EPS for the current year.

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.