Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $46.71.

Several analysts recently issued reports on TENB shares. Jefferies Financial Group dropped their target price on Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, March 31st. Barclays cut their price objective on Tenable from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday. Stephens assumed coverage on shares of Tenable in a report on Tuesday, April 1st. They set an “equal weight” rating and a $42.00 target price on the stock. Cantor Fitzgerald initiated coverage on shares of Tenable in a research note on Monday, March 31st. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Morgan Stanley lowered their price objective on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday.

Insider Buying and Selling

In other Tenable news, CEO Mark C. Thurmond sold 3,606 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total value of $138,758.88. Following the completion of the transaction, the chief executive officer now owns 74,295 shares in the company, valued at $2,858,871.60. This represents a 4.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now directly owns 353 shares of the company’s stock, valued at approximately $13,061. This represents 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 have sold 14,128 shares of company stock worth $539,256. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Tenable

Several institutional investors and hedge funds have recently bought and sold shares of TENB. FMR LLC grew its stake in shares of Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock worth $610,987,000 after acquiring an additional 304,237 shares during the period. Vanguard Group Inc. increased its stake in shares of Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares in the last quarter. State Street Corp raised its position in shares of 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 during the period. Geode Capital Management LLC lifted its stake in shares of Tenable by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock valued at $110,416,000 after buying an additional 8,746 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Tenable by 6.2% in the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock valued at $91,860,000 after buying an additional 137,150 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

Tenable Stock Down 3.0 %

Tenable stock opened at $31.97 on Thursday. Tenable has a fifty-two week low of $30.50 and a fifty-two week high of $49.18. 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 firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -106.57 and a beta of 0.88. The company’s 50 day simple moving average is $36.30 and its 200 day simple moving average is $39.63.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Tenable will post 0.12 EPS for the current year.

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.