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

Tenable Holdings, Inc. (NASDAQ:TENB) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $53.00.

TENB has been the topic of several research reports. Robert W. Baird decreased their target price on Tenable from $55.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Barclays cut their target price on shares of Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Baird R W raised shares of Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Truist Financial reaffirmed a “buy” rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st.

Insider Transactions at Tenable

In related news, COO Mark C. Thurmond sold 949 shares of Tenable stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total transaction of $41,727.53. Following the sale, the chief operating officer now directly owns 32,906 shares in the company, valued at approximately $1,446,876.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total value of $41,727.53. Following the completion of the sale, the chief operating officer now directly owns 32,906 shares of the company’s stock, valued at approximately $1,446,876.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 2,219 shares of Tenable stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.76, for a total value of $97,103.44. Following the transaction, the chief operating officer now directly owns 30,335 shares in the company, valued at approximately $1,327,459.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,132 shares of company stock worth $2,957,983. 4.30% of the stock is currently owned by insiders.

Institutional Trading of Tenable

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Tenable by 0.3% in the first quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock valued at $620,018,000 after buying an additional 32,535 shares during the last quarter. First Trust Advisors LP raised its stake in Tenable by 18.0% during the 4th quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock valued at $205,085,000 after acquiring an additional 680,477 shares during the last quarter. William Blair Investment Management LLC lifted its position in Tenable by 20.2% during the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock worth $172,575,000 after acquiring an additional 585,559 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Tenable by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock valued at $139,937,000 after purchasing an additional 16,515 shares during the period. Finally, Champlain Investment Partners LLC raised its stake in shares of Tenable by 59.5% during the first quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after purchasing an additional 593,529 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Trading Up 2.3 %

NASDAQ TENB traded up $0.94 on Friday, reaching $41.69. The stock had a trading volume of 623,700 shares, compared to its average volume of 973,083. Tenable has a 12-month low of $33.85 and a 12-month high of $53.50. The stock has a fifty day moving average price of $42.20 and a two-hundred day moving average price of $45.27. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of -71.88 and a beta of 0.86. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00.

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.