Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $40.44.

Several equities research analysts have weighed in on the company. Needham & Company LLC reduced their price objective on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. reduced their price objective on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company reduced their price objective on Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Truist Financial reduced their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st.

Tenable Stock Performance

NASDAQ TENB traded up $0.54 on Friday, hitting $32.74. 1,519,646 shares of the company traded hands, compared to its average volume of 1,069,141. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -109.13 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The business's 50 day moving average price is $32.46 and its 200-day moving average price is $37.45. Tenable has a 52-week low of $28.75 and a 52-week high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The business had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. During the same period last year, the firm earned $0.25 earnings per share. The business's quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts expect that Tenable will post 0.12 earnings per share for the current year.

Insider Activity at Tenable

In other news, CEO Stephen A. Vintz sold 6,499 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $207,838.02. Following the sale, the chief executive officer now owns 331,394 shares in the company, valued at $10,597,980.12. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barron Anschutz sold 1,245 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $39,815.10. Following the completion of the sale, the insider now owns 57,905 shares in the company, valued at $1,851,801.90. The trade was a 2.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,345 shares of company stock worth $730,209. Company insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Tenable

Hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Tenable by 2.0% during the fourth quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after acquiring an additional 304,237 shares during the last quarter. Vanguard Group Inc. grew its position in 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 acquiring an additional 708,249 shares during the period. Ameriprise Financial Inc. grew its position in Tenable by 5.6% in the first quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock worth $207,038,000 after acquiring an additional 312,299 shares during the period. RGM Capital LLC boosted its position in shares of Tenable by 2.0% during the first quarter. RGM Capital LLC now owns 3,772,624 shares of the company's stock worth $131,966,000 after buying an additional 72,607 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock worth $110,416,000 after buying an additional 8,746 shares during the period. Hedge funds and other institutional investors own 89.06% of the company's stock.

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.