Jefferies Financial Group Boosts Tenable (NASDAQ:TENB) Price Target to $45.00

Tenable (NASDAQ:TENB) had its price objective lifted by equities researchers at Jefferies Financial Group from $40.00 to $45.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 9.62% from the company’s current price.

Other analysts have also issued reports about the company. Piper Sandler decreased their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and set a $47.00 price objective (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Barclays cut their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Robert W. Baird lowered their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Trading Up 0.3 %

TENB opened at $41.05 on Thursday. The company has a fifty day moving average price of $41.67 and a two-hundred day moving average price of $41.55. Tenable has a 1-year low of $35.25 and a 1-year high of $53.50. The company has a market cap of $4.93 billion, a P/E ratio of -80.49 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.

Insider Buying and Selling

In other news, COO Mark C. Thurmond sold 2,343 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $1,589,415.12. The trade was a 5.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Tenable

Several large investors have recently made changes to their positions in TENB. FMR LLC boosted its holdings in shares of Tenable by 2.0% in the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after buying an additional 305,334 shares during the last quarter. Mackenzie Financial Corp raised its position in Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after acquiring an additional 471,126 shares during the period. RGM Capital LLC boosted its stake in Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock valued at $154,240,000 after acquiring an additional 153,127 shares during the last quarter. 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 valued at $118,058,000 after acquiring an additional 73,293 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after purchasing an additional 33,303 shares during the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.