Tenable Holdings, Inc. (NASDAQ:TENB) Receives $56.63 Consensus PT from Brokerages

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $57.93.

A number of brokerages have recently weighed in on TENB. Westpark Capital upgraded Tenable from a "hold" rating to a "buy" rating and set a $65.00 price target on the stock in a report on Friday, January 12th. Truist Financial lifted their price objective on Tenable from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Susquehanna lifted their price objective on Tenable from $55.00 to $60.00 and gave the company a "positive" rating in a research report on Thursday, February 8th. Morgan Stanley raised Tenable from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $46.00 to $60.00 in a research report on Tuesday, January 9th. Finally, Stephens lifted their price objective on Tenable from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th.

Tenable Price Performance

Shares of TENB traded down $1.04 during midday trading on Thursday, reaching $45.38. The stock had a trading volume of 570,640 shares, compared to its average volume of 941,536. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $5.39 billion, a P/E ratio of -66.74 and a beta of 0.94. The firm's 50 day moving average price is $47.50 and its 200-day moving average price is $45.11. Tenable has a 52 week low of $33.85 and a 52 week high of $53.50.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.06. The business had revenue of $213.31 million for the quarter, compared to analysts' expectations of $206.95 million. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. On average, analysts forecast that Tenable will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,600 shares of the business's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the transaction, the director now owns 2 shares of the company's stock, valued at approximately $101.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tenable news, COO Mark C. Thurmond sold 1,089 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total value of $51,977.97. Following the completion of the transaction, the chief operating officer now owns 48,846 shares of the company's stock, valued at approximately $2,331,419.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,600 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the transaction, the director now directly owns 2 shares of the company's stock, valued at $101.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 317,382 shares of company stock valued at $15,021,615. Insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On Tenable

Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. acquired a new stake in Tenable during the 3rd quarter valued at $27,000. Principal Securities Inc. bought a new position in Tenable in the 4th quarter valued at $35,000. SG Americas Securities LLC bought a new position in Tenable in the 4th quarter valued at $127,000. Verity & Verity LLC bought a new position in Tenable in the 1st quarter valued at $127,000. Finally, Shell Asset Management Co. bought a new position in Tenable in the 3rd quarter valued at $138,000. 89.06% of the stock is owned by institutional investors and hedge funds.

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.