Tenable Holdings, Inc. (NASDAQ:TENB) Receives $52.19 Average Target Price from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has earned an average rating of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $52.19.

Several research firms recently commented on TENB. DA Davidson lowered Tenable from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $56.00 to $40.00 in a report on Thursday, August 1st. Baird R W raised Tenable to a “strong-buy” rating in a report on Monday, July 15th. Piper Sandler decreased their target price on Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Stifel Nicolaus decreased their target price on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Barclays reduced their price objective on Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st.

Insider Activity

In other news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Tenable news, CEO Amit Yoran sold 40,000 shares of Tenable stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the completion of the sale, the chief executive officer now directly owns 387,356 shares of the company’s stock, valued at $18,484,628.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the sale, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,469 shares of company stock valued at $2,429,076. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Tenable

A number of institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC lifted its holdings in shares of Tenable by 18.7% in the 4th quarter. Fisher Asset Management LLC now owns 347,236 shares of the company’s stock valued at $15,994,000 after purchasing an additional 54,664 shares during the last quarter. Vanguard Group Inc. increased its stake in Tenable by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock valued at $576,248,000 after purchasing an additional 259,552 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Tenable by 51.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 47,997 shares of the company’s stock valued at $2,372,000 after purchasing an additional 16,330 shares in the last quarter. Fulton Bank N.A. increased its stake in Tenable by 4.1% in the 1st quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock valued at $374,000 after purchasing an additional 295 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in Tenable in the 1st quarter valued at approximately $1,239,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Price Performance

TENB opened at $42.65 on Thursday. Tenable has a 12-month low of $33.85 and a 12-month high of $53.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $40.89 and its 200-day simple moving average is $42.67. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -73.53 and a beta of 0.83.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $221.24 million for the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. On average, equities research analysts anticipate that Tenable will post -0.06 earnings per share for the current fiscal 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.