Tenable (NASDAQ:TENB) Research Coverage Started at Stephens

Stephens began coverage on shares of Tenable (NASDAQ:TENB) in a research report report published on Tuesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $42.00 price objective on the stock.

TENB has been the topic of a number of other research reports. Morgan Stanley started coverage on shares of Tenable in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $40.00 price objective on the stock. Truist Financial reduced their price objective on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday. Cantor Fitzgerald assumed coverage on Tenable in a report on Monday. They set an “overweight” rating and a $50.00 price objective for the company. Scotiabank lifted their target price on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned 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 price target of $47.76.

Tenable Stock Performance

NASDAQ:TENB opened at $33.35 on Tuesday. The stock’s 50-day moving average is $38.56 and its 200-day moving average is $40.19. Tenable has a 1-year low of $32.96 and a 1-year high of $50.07. 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 stock has a market cap of $4.01 billion, a P/E ratio of -111.17 and a beta of 0.87.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data 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 net margin of 4.03% and a negative return on equity of 2.07%. Equities research analysts anticipate that Tenable will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In related 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 sale, the director now owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now directly owns 41,266 shares in the company, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,937 shares of company stock valued at $570,418 over the last ninety days. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Tenable in the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Tenable in the fourth quarter worth approximately $38,000. Johnson Financial Group Inc. bought a new position in Tenable in the 4th quarter worth $53,000. Finally, Larson Financial Group LLC raised its stake in Tenable by 89.9% during the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after acquiring an additional 675 shares during the period. Hedge funds and other institutional investors 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.