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

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $40.44.

Several equities research analysts have commented on TENB shares. UBS Group decreased their price objective on shares of Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group dropped their price target on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Stifel Nicolaus reduced their price objective on Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, Robert W. Baird lowered their target price on Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 5,577 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 75,210 shares of the company's stock, valued at $2,405,215.80. This represents a 6.90% 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 Tenable stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $39,815.10. Following the transaction, the insider now directly owns 57,905 shares in the company, valued at $1,851,801.90. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,845 shares of company stock worth $637,709 over the last three months. 1.50% of the stock is owned by insiders.

Institutional Trading of Tenable

Several institutional investors have recently added to or reduced their stakes in TENB. FMR LLC increased its stake in Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after purchasing an additional 304,237 shares during the period. Vanguard Group Inc. raised its holdings in Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after buying an additional 708,249 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Tenable by 5.6% during the 1st quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock valued at $207,038,000 after buying an additional 312,299 shares during the period. RGM Capital LLC grew its holdings in Tenable by 2.0% in the 1st quarter. RGM Capital LLC now owns 3,772,624 shares of the company's stock worth $131,966,000 after acquiring an additional 72,607 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Tenable by 0.3% in the 4th 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 last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Stock Down 1.4%

Shares of NASDAQ:TENB traded down $0.47 during midday trading on Tuesday, hitting $32.80. 2,585,677 shares of the company's stock were exchanged, compared to its average volume of 1,136,028. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. Tenable has a 12 month low of $28.75 and a 12 month high of $49.18. The company has a market cap of $4.01 billion, a PE ratio of -88.65 and a beta of 0.79. The stock has a 50 day moving average price of $32.29 and a 200-day moving average price of $36.37.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The company 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 3.11% and a negative net margin of 4.86%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. On average, sell-side analysts anticipate that Tenable will post 0.12 EPS 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.