Westpark Capital Reaffirms Hold Rating for Tenable (NASDAQ:TENB)

Westpark Capital reaffirmed their hold rating on shares of Tenable (NASDAQ:TENB) in a report released on Thursday morning, Benzinga reports.

A number of other equities analysts have also recently weighed in on TENB. Morgan Stanley decreased their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Canaccord Genuity Group cut their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Finally, Truist Financial restated a “buy” rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Tenable Trading Down 2.1 %

Shares of TENB stock opened at $38.78 on Thursday. Tenable has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The firm’s 50 day moving average price is $40.71 and its two-hundred day moving average price is $42.17. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -76.04 and a beta of 0.83. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. Tenable had a negative net margin of 6.82% and a negative return on equity of 6.42%. The business had revenue of $221.24 million for the quarter, compared to analyst estimates of $218.41 million. On average, analysts anticipate that Tenable will post -0.06 EPS for the current year.

Insider Activity

In related news, CFO Stephen A. Vintz sold 3,413 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the transaction, the chief financial officer now owns 278,493 shares of the company’s stock, valued at approximately $11,627,082.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Mark C. Thurmond sold 3,383 shares of the 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 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the transaction, the chief financial officer now directly owns 278,493 shares in the company, valued at approximately $11,627,082.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,469 shares of company stock worth $520,276 over the last 90 days. 4.30% of the stock is owned by company insiders.

Institutional Trading of Tenable

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd increased its stake in Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the period. Quest Partners LLC purchased a new position in shares of Tenable during the 2nd quarter valued at $40,000. Fidelis Capital Partners LLC acquired a new position in shares of Tenable in the first quarter worth $58,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Tenable by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after acquiring an additional 312 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Tenable during the first quarter worth $189,000. 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.