Tenable’s (TENB) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Tenable (NASDAQ:TENB) in a research report report published on Monday morning,Benzinga reports. Needham & Company LLC currently has a $50.00 price target on the stock.

A number of other research analysts also recently weighed in on TENB. Jefferies Financial Group increased their price target on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Piper Sandler decreased their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Robert W. Baird cut 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. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Barclays reduced their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Trading Down 0.2 %

TENB opened at $38.89 on Monday. The firm has a 50 day simple moving average of $41.22 and a 200 day simple moving average of $41.52. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The company has a market cap of $4.67 billion, a price-to-earnings ratio of -76.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Amit Yoran sold 5,293 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the transaction, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at $2,209,273.34. This represents a 9.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,654 shares of company stock worth $862,879 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TENB. FMR LLC boosted its position in shares of Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after purchasing an additional 305,334 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after acquiring an additional 471,126 shares during the period. RGM Capital LLC boosted its stake in Tenable by 4.5% during the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after acquiring an additional 153,127 shares in the last quarter. State Street Corp increased its stake in Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after purchasing an additional 33,303 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.