Tenable Stock Forecast, Price & News

Tenable's stock was trading at $20.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TENB stock has increased by 81.9% and is now trading at $37.31.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenable in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Tenable.

Tenable is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Tenable.

Tenable Holdings Inc (NASDAQ:TENB) announced its earnings results on Tuesday, July, 28th. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.21) by $0.25. The firm had revenue of $107.21 million for the quarter, compared to analyst estimates of $102.23 million. Tenable had a negative return on equity of 68.33% and a negative net margin of 22.79%. The firm's revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) earnings per share.
View Tenable's earnings history.

Tenable issued an update on its FY20 earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $0.00 to $0.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.25). The company issued revenue guidance of $428 million to $433 million, compared to the consensus revenue estimate of $427.47 million.

8 analysts have issued 1-year price targets for Tenable's stock. Their forecasts range from $29.00 to $50.00. On average, they anticipate Tenable's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts' price targets for Tenable.

Tenable saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,780,000 shares, an increase of 28.1% from the July 30th total of 2,170,000 shares. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 4.0% of the company's stock are short sold.
View Tenable's Short Interest.

Some companies that are related to Tenable include Nice (NICE), Tyler Technologies (TYL), Mongodb (MDB), Black Knight (BKI), HubSpot (HUBS), Symantec (SYMC), NortonLifeLock (NLOK), Cloudflare (NET), Ceridian HCM (CDAY), Dynatrace (DT), Temenos (TMNSF), UBISOFT ENTMT S/ADR (UBSFY), Avalara (AVLR), PTC (PTC) and Nuance Communications (NUAN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Tenable investors own include NVIDIA (NVDA), AT&T (T), Tesla (TSLA), Boeing (BA), salesforce.com (CRM), Mastercard (MA), Pfizer (PFE), Zscaler (ZS), IBM (IBM) and Qualys (QLYS).

(TENB) raised $166 million in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 9,200,000 shares at $17.00-$19.00 per share. Morgan Stanley, J.P. Morgan, Allen & Company, Deutsche Bank Securities and Stifel served as the underwriters for the IPO and William Blair and BTIG were co-managers.

Tenable trades on the NASDAQ under the ticker symbol "TENB."

Tenable's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Insight Holdings Group LLC (24.03%), FMR LLC (8.36%), Vanguard Group Inc. (5.06%), Sylebra Capital Ltd (2.19%), Nuveen Asset Management LLC (0.78%) and Pinnacle Associates Ltd. (0.61%). Company insiders that own Tenable stock include Amit Yoran, Arthur W Coviello Jr, Insight Holdings Group, Llc, Jerry M Kennelly, John C Huffard Jr, John Negron, Kimberly Hammonds, Linda Kay Zecher, Ping Li, Stephen A Riddick and Stephen A Vintz.
View institutional ownership trends for Tenable.

TENB stock was sold by a variety of institutional investors in the last quarter, including Insight Holdings Group LLC, Sylebra Capital Ltd, SG Americas Securities LLC, First Trust Advisors LP, Holocene Advisors LP, Meitav Dash Investments Ltd., US Bancorp DE, and PDT Partners LLC. Company insiders that have sold Tenable company stock in the last year include Amit Yoran, Arthur W Coviello Jr, Insight Holdings Group, Llc, Jerry M Kennelly, John C Huffard Jr, Linda Kay Zecher, Ping Li, Stephen A Riddick, and Stephen A Vintz.
View insider buying and selling activity for Tenable.

TENB stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Vanguard Group Inc., Assenagon Asset Management S.A., Bank of New York Mellon Corp, Federated Hermes Inc., Man Group plc, Nuveen Asset Management LLC, and Goldman Sachs Group Inc..
View insider buying and selling activity for Tenable.

Shares of TENB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TENB stock can currently be purchased for approximately $37.31.

Tenable has a market capitalization of $3.78 billion and generates $354.59 million in revenue each year. The company earns $-99,010,000.00 in net income (profit) each year or ($0.87) on an earnings per share basis. Tenable employs 1,477 workers across the globe.

The official website for Tenable is www.tenable.com.

Tenable's mailing address is 7021 COLUMBIA GATEWAY DRIVE SUITE 500, COLUMBIA MD, 21046. The company can be reached via phone at 410-872-0555 or via email at [email protected]