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.

Analysts Set New Price Targets

TENB has been the topic of a number of analyst reports. BTIG Research decreased their price objective on Tenable from $73.00 to $58.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. DA Davidson decreased their price objective on Tenable from $75.00 to $53.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Barclays decreased their price objective on Tenable from $58.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 27th. The Goldman Sachs Group decreased their price objective on Tenable from $71.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, August 2nd. Finally, Piper Sandler decreased their price objective on Tenable from $72.00 to $65.00 in a research note on Wednesday, July 13th. Sixteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $56.87.

Tenable Price Performance

Shares of TENB traded up $1.75 during midday trading on Wednesday, reaching $44.24. The stock had a trading volume of 812,711 shares, compared to its average volume of 1,183,969. Tenable has a 52 week low of $36.67 and a 52 week high of $63.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.47 and a quick ratio of 1.47. The firm's 50 day moving average price is $46.39 and its 200-day moving average price is $50.47. The company has a market capitalization of $4.94 billion, a P/E ratio of -61.44 and a beta of 1.35.

Insider Buying and Selling

In related news, General Counsel Stephen A. Riddick sold 1,534 shares of Tenable stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $43.85, for a total value of $67,265.90. Following the transaction, the general counsel now directly owns 43,800 shares in the company, valued at approximately $1,920,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Stephen A. Vintz sold 2,858 shares of Tenable stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $43.85, for a total value of $125,323.30. Following the transaction, the chief financial officer now directly owns 129,880 shares in the company, valued at approximately $5,695,238. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stephen A. Riddick sold 1,534 shares of Tenable stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $43.85, for a total value of $67,265.90. Following the transaction, the general counsel now owns 43,800 shares in the company, valued at approximately $1,920,630. The disclosure for this sale can be found here. Insiders have sold 92,795 shares of company stock worth $4,368,491 in the last three months. 4.80% of the stock is currently owned by insiders.