Truist Financial Reiterates “Buy” Rating for Tenable (NASDAQ:TENB)

Truist Financial reiterated their buy rating on shares of Tenable (NASDAQ:TENB) in a report published on Thursday, Benzinga reports. The brokerage currently has a $55.00 price target on the stock, down from their previous price target of $60.00.

TENB has been the topic of several other research reports. Wedbush reissued an outperform rating and set a $65.00 price objective on shares of Tenable in a research note on Thursday, May 2nd. Needham & Company LLC reissued a buy rating and issued a $62.00 price target on shares of Tenable in a report on Friday, June 14th. Scotiabank started coverage on Tenable in a research note on Friday, April 26th. They set a sector perform rating and a $47.00 price objective on the stock. Westpark Capital reissued a buy rating and issued a $54.00 target price on shares of Tenable in a research note on Monday, July 29th. Finally, Susquehanna dropped their price target on Tenable from $60.00 to $48.00 and set a positive rating on the stock in a research report on Thursday. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tenable currently has an average rating of Moderate Buy and a consensus target price of $53.00.

Tenable Trading Down 1.7 %

NASDAQ TENB opened at $41.77 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.00. Tenable has a 12 month low of $33.85 and a 12 month high of $53.50. The company has a market capitalization of $4.97 billion, a PE ratio of -72.02 and a beta of 0.86. The stock has a 50-day simple moving average of $42.39 and a 200 day simple moving average of $45.44.

Insider Transactions at Tenable

In related news, Director Yoran Amit 70,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Yoran Amit 70,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amit Yoran sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total value of $1,908,800.00. Following the transaction, the chief executive officer now owns 387,356 shares in the company, valued at approximately $18,484,628.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,132 shares of company stock worth $2,957,983. Company insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

Institutional investors and hedge funds have recently modified their holdings of the business. Mesirow Institutional Investment Management Inc. raised its stake in Tenable by 25.4% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 9,653 shares of the company’s stock worth $421,000 after acquiring an additional 1,957 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Tenable by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 170,621 shares of the company’s stock valued at $7,436,000 after purchasing an additional 9,239 shares during the last quarter. Principal Financial Group Inc. increased its position in Tenable by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock worth $694,000 after purchasing an additional 276 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Tenable by 10.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock valued at $16,277,000 after purchasing an additional 34,254 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Tenable in the second quarter valued at approximately $1,769,000. 89.06% of the stock is currently owned by 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.