Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) Price Target at $50.25

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $50.25.

Several equities analysts have recently commented on the company. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Robert W. Baird reduced their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group boosted their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Barclays reduced their target price on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a research note on Thursday, October 31st.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 2,801 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of the transaction, the chief financial officer now directly owns 281,536 shares of the company’s stock, valued at $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Yoran sold 5,293 shares of Tenable stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following 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. In the last 90 days, insiders sold 21,463 shares of company stock worth $894,042. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TENB. Dimensional Fund Advisors LP raised its holdings in Tenable by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 68,192 shares of the company’s stock worth $2,972,000 after purchasing an additional 858 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Tenable by 43.0% in the 2nd quarter. Hsbc Holdings PLC now owns 24,127 shares of the company’s stock worth $1,045,000 after acquiring an additional 7,254 shares in the last quarter. Sei Investments Co. lifted its position in Tenable by 45.0% during the 2nd quarter. Sei Investments Co. now owns 25,408 shares of the company’s stock valued at $1,107,000 after acquiring an additional 7,884 shares during the period. Xponance Inc. boosted its stake in Tenable by 5.5% during the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after acquiring an additional 389 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Tenable by 37.7% in the second quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock worth $31,335,000 after purchasing an additional 196,810 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Down 0.3 %

TENB opened at $43.09 on Friday. The business’s fifty day simple moving average is $41.41 and its 200 day simple moving average is $41.40. Tenable has a 52 week low of $35.25 and a 52 week high of $53.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $5.18 billion, a PE ratio of -84.49 and a beta of 0.85.

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.