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

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have earned an average rating of "Moderate Buy" from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.44.

TENB has been the topic of several recent analyst reports. Westpark Capital reissued a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on shares of Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Robert W. Baird reduced their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Truist Financial cut their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, DA Davidson cut their price target on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th.

Tenable Stock Up 3.7%

Shares of NASDAQ TENB opened at $33.47 on Tuesday. The firm has a market capitalization of $4.09 billion, a PE ratio of -90.46 and a beta of 0.79. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. Tenable has a 1 year low of $28.75 and a 1 year high of $49.18. The firm's 50-day moving average is $32.21 and its 200-day moving average is $36.48.

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, beating the consensus estimate 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 net margin of 4.86% and a negative return on equity of 3.11%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. Equities analysts expect that Tenable will post 0.12 EPS for the current year.

Insider Activity

In other news, CEO Mark C. Thurmond sold 5,577 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were 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 approximately $2,405,215.80. The trade was a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $207,838.02. Following the sale, the chief executive officer now directly owns 331,394 shares of the company's stock, valued at $10,597,980.12. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,845 shares of company stock valued at $637,709. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after acquiring an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Tenable during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Tenable during the fourth quarter worth about $38,000. Johnson Financial Group Inc. acquired a new position in Tenable during the fourth quarter worth about $53,000. Finally, Byrne Asset Management LLC raised its stake in Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after acquiring an additional 727 shares in the last quarter. 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.

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