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

Tenable Holdings, Inc. (NASDAQ:TENB) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $50.63.

A number of research firms have recently commented on TENB. Barclays cut their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Piper Sandler cut their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group began coverage on Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 target price on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a research note on Thursday, October 31st.

Insider Buying and Selling at Tenable

In other news, COO Mark C. Thurmond sold 2,343 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $100,139.82. Following the transaction, the chief operating officer now owns 37,188 shares of the company’s stock, valued at $1,589,415.12. This trade represents a 5.93 % 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, CFO Stephen A. Vintz sold 2,801 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of the transaction, the chief financial officer now directly owns 281,536 shares in the company, valued at $11,464,145.92. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,654 shares of company stock valued at $862,879. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Readystate Asset Management LP purchased a new stake in shares of Tenable during the third quarter worth about $24,660,000. Mackenzie Financial Corp grew 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 purchasing an additional 471,126 shares in the last quarter. FMR LLC grew its position in shares of Tenable by 2.0% during the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after purchasing an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Tenable by 28.0% during the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after purchasing an additional 201,366 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Tenable during the second quarter worth about $7,740,000. Institutional investors own 89.06% of the company’s stock.

Tenable Price Performance

Shares of TENB stock opened at $43.44 on Friday. Tenable has a twelve month low of $35.25 and a twelve month high of $53.50. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of -85.18 and a beta of 0.83. The business’s fifty day moving average is $41.46 and its 200 day moving average is $41.63. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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.