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

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

Several equities analysts have issued reports on TENB shares. Scotiabank lifted their target price 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 restated a “buy” rating and set a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Morgan Stanley began coverage on Tenable in a research note on Tuesday. They set an “equal weight” rating and a $40.00 price target on the stock. Finally, Barclays boosted their price target on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th.

Tenable Stock Performance

TENB stock opened at $36.99 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day moving average price of $39.71 and a 200 day moving average price of $40.53. The company has a market capitalization of $4.45 billion, a P/E ratio of -123.30 and a beta of 0.87. Tenable has a 1-year low of $35.25 and a 1-year high of $50.30.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, equities research analysts forecast that Tenable will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Tenable

In other Tenable news, 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 completion of the transaction, the director now directly owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,937 shares of company stock valued at $570,418. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Covestor Ltd raised its stake in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the period. Arizona State Retirement System raised its stake in shares of Tenable by 1.0% during the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock worth $1,361,000 after buying an additional 332 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company’s stock worth $486,000 after buying an additional 390 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Tenable by 3.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock worth $616,000 after buying an additional 450 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tenable by 0.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock worth $2,118,000 after buying an additional 457 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.

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.