Tenable (NASDAQ:TENB) Rating Reiterated by Wedbush

Tenable (NASDAQ:TENB - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Wedbush in a research note issued to investors on Thursday, Benzinga reports. They presently have a $65.00 price objective on the stock. Wedbush's price objective would indicate a potential upside of 43.77% from the stock's current price.

TENB has been the subject of several other reports. Stephens increased their price objective on Tenable from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Needham & Company LLC reissued a "buy" rating and issued a $62.00 price objective on shares of Tenable in a report on Thursday. Scotiabank began coverage on shares of Tenable in a report on Friday, April 26th. They set a "sector perform" rating and a $47.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Tenable from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. Finally, Susquehanna upped their price target on shares of Tenable from $55.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and an average target price of $57.20.

Tenable Stock Up 0.4 %

Tenable stock traded up $0.18 during midday trading on Thursday, hitting $45.21. 1,706,154 shares of the stock were exchanged, compared to its average volume of 948,543. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The business's 50-day moving average price is $47.12 and its 200-day moving average price is $45.17. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -66.49 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.06. The company 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%. On average, research analysts expect that Tenable will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Mark C. Thurmond sold 1,089 shares of Tenable stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total transaction of $51,977.97. Following the completion of the sale, the chief operating officer now owns 48,846 shares in the company, valued at approximately $2,331,419.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Mark C. Thurmond sold 1,089 shares of Tenable stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total transaction of $51,977.97. Following the completion of the sale, the chief operating officer now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 5,216 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total transaction of $241,083.52. Following the completion of the transaction, the chief financial officer now owns 238,593 shares of the company's stock, valued at $11,027,768.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 317,382 shares of company stock worth $15,021,615. Corporate insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On Tenable

Large investors have recently modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of Tenable during the third quarter worth approximately $27,000. Principal Securities Inc. purchased a new position in Tenable in the 4th quarter worth $35,000. Fidelis Capital Partners LLC bought a new stake in Tenable in the first quarter worth $58,000. Verity & Verity LLC purchased a new stake in Tenable during the first quarter valued at about $127,000. Finally, SG Americas Securities LLC bought a new position in shares of Tenable during the fourth quarter valued at about $127,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

About Tenable

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.