Tenable (NASDAQ:TENB – Get Rating) had its price target increased by Needham & Company LLC from $44.00 to $48.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.
Several other research firms have also commented on TENB. Morgan Stanley lowered shares of Tenable from an overweight rating to an equal weight rating and reduced their price target for the company from $47.00 to $44.00 in a research report on Thursday, January 12th. Truist Financial lowered their target price on Tenable from $65.00 to $50.00 and set a buy rating for the company in a research report on Monday, October 24th. DA Davidson lowered their price target on Tenable from $53.00 to $47.00 in a research report on Wednesday, October 26th. BTIG Research downgraded Tenable from a buy rating to a neutral rating in a research report on Monday, October 10th. Finally, JPMorgan Chase & Co. began coverage on Tenable in a research report on Tuesday, January 24th. They issued a neutral rating and a $44.00 price target for the company. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Tenable currently has a consensus rating of Moderate Buy and an average target price of $51.13.
Tenable Stock Performance
Shares of TENB stock opened at $43.31 on Tuesday. The stock has a market cap of $4.87 billion, a PE ratio of -58.53 and a beta of 1.27. The company’s fifty day moving average price is $38.46 and its 200-day moving average price is $38.56. Tenable has a 12 month low of $28.80 and a 12 month high of $63.61. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.40.
Insiders Place Their Bets
Institutional Trading of Tenable
Hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust purchased a new position in Tenable in the 1st quarter valued at approximately $25,000. Captrust Financial Advisors boosted its holdings in shares of Tenable by 81.0% during the second quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock worth $36,000 after purchasing an additional 354 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Tenable during the third quarter worth $54,000. Castleview Partners LLC acquired a new stake in shares of Tenable during the fourth quarter worth $62,000. Finally, CI Investments Inc. boosted its holdings in shares of Tenable by 590.7% during the second quarter. CI Investments Inc. now owns 1,713 shares of the company’s stock worth $78,000 after purchasing an additional 1,465 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.
Tenable Holdings, Inc engages in the development of security software solutions. It offers Cyber Exposure which is a discipline for managing and measuring cybersecurity risk in the digital era. Its products include tenable.io, tenable.sc, tenable.ot, and nessus professional. The firm delivers solutions in the field of application security, cloud security, compliance, energy, finance, healthcare, and retail.
- Get a free copy of the StockNews.com research report on Tenable (TENB)
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