Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $50.81

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have received an average rating of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $50.81.

Several analysts have recently weighed in on the company. Truist Financial reissued a “buy” rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. Wells Fargo & Company dropped their price objective on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Scotiabank lowered their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group began coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price objective on the stock. Finally, Piper Sandler dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st.

Tenable Stock Performance

NASDAQ:TENB opened at $42.03 on Monday. The firm has a market capitalization of $5.05 billion, a PE ratio of -82.41 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a 1 year low of $35.25 and a 1 year high of $53.50. The firm’s fifty day simple moving average is $40.74 and its 200 day simple moving average is $41.94.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Tenable

Several institutional investors have recently bought and sold shares of TENB. Covestor Ltd grew its holdings in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Tenable during the 2nd quarter valued at about $40,000. Truvestments Capital LLC purchased a new position in shares of Tenable in the 3rd quarter valued at about $171,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after buying an additional 312 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other 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.