Tenable (NASDAQ:TENB - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Sunday.
A number of other equities analysts also recently commented on TENB. Robert W. Baird cut their target price 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. Morgan Stanley raised their target price on shares of Tenable from $28.00 to $32.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. UBS Group raised their target price on shares of Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Barclays raised their target price on shares of Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.06.
View Our Latest Research Report on Tenable
Tenable Stock Performance
NASDAQ:TENB opened at $28.99 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.54 billion, a P/E ratio of -78.35 and a beta of 0.76. Tenable has a fifty-two week low of $28.75 and a fifty-two week high of $45.44. The firm's 50 day moving average is $32.68 and its two-hundred day moving average is $34.65.
Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $247.30 million for the quarter, compared to the consensus estimate of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.22%. Tenable's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Analysts expect that Tenable will post 0.12 EPS for the current year.
Insider Buying and Selling
In related news, insider Barron Anschutz sold 970 shares of Tenable stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.08, for a total transaction of $32,087.60. Following the sale, the insider owned 58,311 shares of the company's stock, valued at $1,928,927.88. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen A. Vintz sold 3,386 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $109,875.70. Following the transaction, the chief executive officer directly owned 328,008 shares of the company's stock, valued at approximately $10,643,859.60. This represents a 1.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,815 shares of company stock valued at $669,797 in the last quarter. Company insiders own 1.50% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in TENB. Assenagon Asset Management S.A. grew its holdings in Tenable by 1,043.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,239,624 shares of the company's stock worth $109,434,000 after acquiring an additional 2,956,367 shares in the last quarter. Nuveen LLC acquired a new position in Tenable during the 1st quarter worth $35,330,000. Shapiro Capital Management LLC grew its holdings in Tenable by 647.5% during the 4th quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock worth $41,745,000 after acquiring an additional 918,235 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Tenable by 33.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,249,740 shares of the company's stock worth $75,996,000 after acquiring an additional 562,151 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Tenable by 828.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 432,564 shares of the company's stock worth $15,131,000 after acquiring an additional 385,975 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.
About Tenable
(
Get Free Report)
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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