Wedbush Reiterates Outperform Rating for Tenable (NASDAQ:TENB)

Tenable (NASDAQ:TENB - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Wedbush in a research note issued on Wednesday, Benzinga reports. They currently have a $65.00 price target on the stock. Wedbush's price objective would indicate a potential upside of 33.22% from the company's current price.

A number of other equities research analysts have also weighed in on the stock. Stephens boosted their price objective on shares of Tenable from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Truist Financial increased their price objective on Tenable from $50.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Susquehanna raised their price objective on Tenable from $55.00 to $60.00 and gave the stock a "positive" rating in a research note on Thursday, February 8th. Needham & Company LLC reiterated a "buy" rating and issued a $62.00 target price on shares of Tenable in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company raised their price target on shares of Tenable from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.63.

Tenable Stock Down 0.7 %

TENB stock traded down $0.32 on Wednesday, hitting $48.79. 543,698 shares of the company's stock were exchanged, compared to its average volume of 966,916. The firm has a 50 day moving average price of $48.24 and a two-hundred day moving average price of $44.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.19. Tenable has a 12-month low of $33.85 and a 12-month high of $53.50. The stock has a market cap of $5.76 billion, a P/E ratio of -71.26 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.06. The firm had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. As a group, equities research analysts expect that Tenable will post -0.12 EPS for the current fiscal year.

Insider Activity

In related news, CFO Stephen A. Vintz sold 15,505 shares of the company's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the transaction, the chief financial officer now owns 257,924 shares of the company's stock, valued at approximately $12,782,713.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Stephen A. Vintz sold 15,505 shares of the business's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the sale, the chief financial officer now owns 257,924 shares of the company's stock, valued at approximately $12,782,713.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen A. Vintz sold 11,586 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $49.11, for a total transaction of $568,988.46. Following the transaction, the chief financial officer now directly owns 257,924 shares in the company, valued at $12,666,647.64. The disclosure for this sale can be found here. Insiders have sold 351,383 shares of company stock worth $16,650,143 in the last ninety days. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Tenable

Institutional investors have recently bought and sold shares of the company. Vanderbilt University boosted its stake in shares of Tenable by 51.4% in the fourth quarter. Vanderbilt University now owns 65,313 shares of the company's stock worth $3,008,000 after acquiring an additional 22,187 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Tenable by 60.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 32,000 shares of the company's stock worth $1,419,000 after purchasing an additional 12,000 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Tenable by 15.9% during the third quarter. American Century Companies Inc. now owns 1,791,909 shares of the company's stock worth $80,278,000 after buying an additional 245,243 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Tenable by 6.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 801,267 shares of the company's stock worth $36,906,000 after buying an additional 48,410 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of Tenable by 5.7% in the third quarter. Loomis Sayles & Co. L P now owns 972,017 shares of the company's stock valued at $43,546,000 after buying an additional 52,021 shares during the last quarter. 89.06% of the stock is currently 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.