Barclays Issues Positive Forecast for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its price objective raised by Barclays from $45.00 to $48.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on TENB. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Jefferies Financial Group raised their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Robert W. Baird lowered their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.44.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $39.85 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable has a 12 month low of $35.25 and a 12 month high of $53.50. The firm has a market capitalization of $4.79 billion, a P/E ratio of -78.14 and a beta of 0.87. The company’s fifty day moving average price is $41.45 and its 200 day moving average price is $41.34.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 6.21% and a negative net margin of 6.82%. As a group, sell-side analysts predict that Tenable will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the completion of the transaction, the chief operating officer now owns 37,188 shares of the company’s stock, valued at $1,589,415.12. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Amit Yoran sold 5,293 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares in the company, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,463 shares of company stock valued at $894,042. Corporate 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. Covestor Ltd increased its stake in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Larson Financial Group LLC increased its position in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after buying an additional 652 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Tenable in the fourth quarter worth $38,000. Nisa Investment Advisors LLC lifted its position in shares of Tenable by 74.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after acquiring an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.