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

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have received a consensus rating of "Moderate Buy" from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $40.44.

A number of analysts have issued reports on the company. Truist Financial lowered their target price on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. DA Davidson lowered their target price on Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald assumed coverage on Tenable in a report on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price on the stock.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 5,577 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $178,352.46. Following the sale, the chief executive officer now owns 75,210 shares of the company's stock, valued at $2,405,215.80. The trade was a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barron Anschutz sold 1,245 shares of the business's stock in a transaction on Friday, May 23rd. The shares were 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 directly owns 57,905 shares in the company, valued at approximately $1,851,801.90. This represents a 2.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,345 shares of company stock valued at $730,209 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tenable

A number of institutional investors and hedge funds have recently bought and sold shares of TENB. Norges Bank acquired a new position in Tenable in the fourth quarter worth $54,950,000. Nuveen LLC bought a new stake in shares of Tenable during the first quarter valued at approximately $35,330,000. Shapiro Capital Management LLC increased its holdings in shares of Tenable by 647.5% in the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock valued at $41,745,000 after purchasing an additional 918,235 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 708,249 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in Tenable by 47.6% in the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock worth $59,031,000 after purchasing an additional 544,375 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Tenable Stock Up 0.1%

Shares of NASDAQ TENB traded up $0.04 during mid-day trading on Friday, reaching $32.19. 1,437,413 shares of the company traded hands, compared to its average volume of 1,063,571. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $3.93 billion, a PE ratio of -107.30 and a beta of 0.83. The company's fifty day moving average is $32.61 and its two-hundred day moving average is $37.57. Tenable has a fifty-two week low of $28.75 and a fifty-two week high of $49.18.

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

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.