Jefferies Financial Group Cuts Tenable (NASDAQ:TENB) Price Target to $37.00

Tenable (NASDAQ:TENB) had its price target decreased by Jefferies Financial Group from $45.00 to $37.00 in a research note released on Monday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

TENB has been the subject of a number of other reports. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and decreased their target price for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Cantor Fitzgerald assumed coverage on shares of Tenable in a research note on Monday. They set an “overweight” rating and a $50.00 target price on the stock. Scotiabank increased their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley began coverage on shares of Tenable in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and an average price target of $47.76.

Tenable Trading Down 0.0 %

Shares of Tenable stock opened at $35.16 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average price is $38.77 and its 200 day moving average price is $40.24. The firm has a market capitalization of $4.23 billion, a PE ratio of -117.20 and a beta of 0.87. Tenable has a twelve month low of $33.84 and a twelve month high of $50.07.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. On average, sell-side analysts predict that Tenable will post 0.12 EPS for the current fiscal year.

Insider Transactions at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now directly owns 353 shares of the company’s stock, valued at $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now owns 316,523 shares of the company’s stock, valued at approximately $12,078,517.68. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,937 shares of company stock worth $570,418. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock valued at $610,987,000 after buying an additional 304,237 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares during the last quarter. State Street Corp grew its stake in Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after acquiring an additional 73,293 shares during the period. Geode Capital Management LLC grew its position in shares of Tenable by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock valued at $110,416,000 after purchasing an additional 8,746 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Tenable by 6.2% during the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock worth $91,860,000 after acquiring an additional 137,150 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.