Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Rating of “Moderate Buy” from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $49.67.

A number of equities research analysts recently commented on TENB shares. Stifel Nicolaus downgraded 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 report on Friday, January 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 target price (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Scotiabank boosted their price target on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group boosted their price target on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th.

Tenable Price Performance

Shares of TENB stock opened at $39.59 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $50.58. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -131.97 and a beta of 0.87. The stock’s 50-day simple moving average is $41.02 and its 200-day simple moving average is $41.09.

Tenable (NASDAQ:TENB) last released 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 2.07% and a negative net margin of 4.03%. As a group, equities analysts forecast that Tenable will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Tenable

In related news, COO Mark C. Thurmond sold 2,343 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 37,188 shares in the company, valued at approximately $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the sale, the director now owns 8,659 shares of the company’s stock, valued at $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,625 shares of company stock valued at $493,439 in the last three months. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of Tenable

Large investors have recently made changes to their positions in the company. Covestor Ltd increased its position in shares of Tenable by 84.5% during the third 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. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 valued at $25,000 after buying an additional 575 shares in the last quarter. Larson Financial Group LLC grew its holdings in Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after buying an additional 652 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Tenable in the 4th quarter valued at $35,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Tenable in the 4th quarter valued at $38,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.