Tenable - TENB Stock Forecast, Price & News

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface. The company also offers Tenable.ad, a solution to secure Active Directory environments; Tenable.ot, an on-premises solution that provides threat detection and mitigation, asset tracking, vulnerability management, and configuration control capabilities to protect OT environments, including industrial networks; Tenable.sc, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture. In addition, it provides Nessus Professional, a vulnerability assessment solution for identifying security vulnerabilities, configuration issues, and malware; and Nessus Essentials, which includes vulnerability and configuration assessment for a limited number of assets. The company was founded in 2002 and is headquartered in Columbia, Maryland.

Tenable Price Performance

TENB Stock traded down $1.43 on Wednesday, reaching $42.42. The company had a trading volume of 1,045,948 shares, compared to its average volume of 1,169,421. Tenable has a 1 year low of $36.67 and a 1 year high of $63.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.47 and a current ratio of 1.47. The company's fifty day moving average is $45.55 and its 200 day moving average is $50.35. The company has a market cap of $4.74 billion, a P/E ratio of -58.92 and a beta of 1.35.

Tenable (NASDAQ:TENB - Get Rating) last posted its earnings results on Tuesday, July 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.12). Tenable had a negative net margin of 12.97% and a negative return on equity of 33.54%. The company had revenue of $164.34 million during the quarter, compared to analysts' expectations of $163.47 million. On average, research analysts forecast that Tenable will post -0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TENB has been the topic of several recent research reports. BTIG Research dropped their price target on Tenable from $73.00 to $58.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. Canaccord Genuity Group lowered their price objective on Tenable from $65.00 to $56.00 in a report on Wednesday, July 27th. The Goldman Sachs Group lowered their price objective on Tenable from $71.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, August 2nd. Stifel Nicolaus lifted their price objective on Tenable from $63.00 to $66.00 in a report on Wednesday, April 27th. Finally, Wells Fargo & Company lowered their price objective on Tenable from $57.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, July 27th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, Tenable has an average rating of "Buy" and an average target price of $56.87.

Insider Activity at Tenable

In related news, Director Jerry M. Kennelly sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $44.11, for a total value of $441,100.00. Following the sale, the director now owns 11,639 shares of the company's stock, valued at approximately $513,396.29. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Tenable news, Director Jerry M. Kennelly sold 10,000 shares of the business's stock in a transaction on Monday, August 15th. The stock was sold at an average price of $44.11, for a total value of $441,100.00. Following the completion of the transaction, the director now directly owns 11,639 shares in the company, valued at approximately $513,396.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda Kay Zecher sold 2,223 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $45.00, for a total value of $100,035.00. Following the completion of the transaction, the director now owns 12,922 shares of the company's stock, valued at $581,490. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,003 shares of company stock valued at $4,083,250. 4.80% of the stock is owned by corporate insiders.