Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) Price Target at $40.44

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $40.44.

Several analysts recently commented on TENB shares. Stephens lowered Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Scotiabank cut their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus dropped their price target on shares of Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th.

Insider Buying and Selling

In other news, Director Linda Kay Zecher sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the transaction, the director now directly owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the completion of the sale, the chief executive officer now directly owns 74,295 shares of the company's stock, valued at approximately $2,858,871.60. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after purchasing an additional 304,237 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after acquiring an additional 708,249 shares during the last quarter. Geode Capital Management LLC grew its position in Tenable by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock worth $110,416,000 after acquiring an additional 8,746 shares during the period. First Trust Advisors LP increased its stake in Tenable by 6.2% during the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock worth $91,860,000 after acquiring an additional 137,150 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in Tenable by 47.6% in the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock valued at $59,031,000 after purchasing an additional 544,375 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Stock Performance

TENB traded up $0.17 during trading on Monday, reaching $31.30. 1,739,743 shares of the company's stock were exchanged, compared to its average volume of 1,014,844. The company's fifty day simple moving average is $34.21 and its 200-day simple moving average is $38.65. The stock has a market capitalization of $3.76 billion, a P/E ratio of -104.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable has a 1 year low of $28.75 and a 1 year high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The firm had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. During the same quarter last year, the company posted $0.25 earnings per share. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, research analysts predict that Tenable will post 0.12 earnings per share for the current fiscal 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.