Barclays Has Lowered Expectations for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its price target trimmed by Barclays from $49.00 to $45.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley dropped their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus dropped their price target on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $55.00 price target (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Baird R W raised shares of Tenable to a “strong-buy” rating in a report on Monday, July 15th. Finally, Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.81.

Tenable Stock Down 2.1 %

Shares of NASDAQ TENB opened at $38.78 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. Tenable has a 1 year low of $33.85 and a 1 year high of $53.50. The stock’s 50-day simple moving average is $40.71 and its 200-day simple moving average is $42.15. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -76.04 and a beta of 0.83.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the sale, the chief financial officer now directly owns 278,493 shares in the company, valued at approximately $11,627,082.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,469 shares of company stock valued at $520,276 over the last quarter. Insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

Several hedge funds have recently bought and sold shares of TENB. Vanguard Group Inc. grew its position in Tenable by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock worth $620,018,000 after purchasing an additional 32,535 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Tenable by 12.7% during the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after buying an additional 471,126 shares during the period. RGM Capital LLC grew its holdings in Tenable by 4.5% in the 2nd quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after buying an additional 153,127 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Tenable by 20.2% in the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock worth $172,575,000 after buying an additional 585,559 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its position in Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock valued at $78,650,000 after acquiring an additional 593,529 shares during the period. 89.06% of the stock is currently owned by institutional investors.

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.