Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) Price Target at $49.67

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.20.

Several research firms recently weighed in on TENB. Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $45.00 in a report on Friday, January 17th. Scotiabank upped their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Barclays upped their price target on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lifted their price target on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, December 19th.

Tenable Stock Performance

Tenable stock opened at $36.25 on Friday. The stock has a market cap of $4.36 billion, a PE ratio of -120.83 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a 12-month low of $35.25 and a 12-month high of $50.30. The business’s 50-day moving average price is $39.57 and its two-hundred day moving average price is $40.45.

Tenable (NASDAQ:TENB) last released its quarterly earnings data 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 return on equity of 2.07% and a negative net margin of 4.03%. As a group, analysts expect that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the transaction, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now owns 353 shares of the company’s stock, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,937 shares of company stock valued at $570,418 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd increased its position 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 in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Tenable by 9.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 47,912 shares of the company’s stock valued at $1,941,000 after acquiring an additional 4,182 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Tenable during the third quarter worth approximately $341,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Tenable by 59.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,754 shares of the company’s stock worth $638,000 after purchasing an additional 5,883 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Tenable by 10.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 81,167 shares of the company’s stock valued at $3,289,000 after purchasing an additional 7,713 shares during the period. 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.