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.

Wall Street Analyst Weigh In

Several research analysts recently commented on TENB shares. Canaccord Genuity Group boosted their price target on Tenable from $62.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, April 21st. Wells Fargo & Company cut their price target on Tenable from $57.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 27th. Canaccord Genuity Group cut their price target on Tenable from $65.00 to $56.00 in a research note on Wednesday, July 27th. Stifel Nicolaus boosted their price target on Tenable from $63.00 to $66.00 in a research note on Wednesday, April 27th. Finally, Piper Sandler lowered their price objective on Tenable from $72.00 to $65.00 in a report on Wednesday, July 13th. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Tenable currently has a consensus rating of "Buy" and a consensus price target of $56.87.

Tenable Stock Performance

Shares of TENB Stock opened at $43.85 on Wednesday. Tenable has a 12-month low of $36.67 and a 12-month high of $63.61. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -60.90 and a beta of 1.35. The business has a 50 day simple moving average of $45.73 and a 200 day simple moving average of $50.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.47 and a quick ratio of 1.47.

Tenable (NASDAQ:TENB - Get Rating) last issued its quarterly earnings data 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 return on equity of 33.54% and a negative net margin of 12.97%. The business had revenue of $164.34 million during the quarter, compared to the consensus estimate of $163.47 million. On average, equities research analysts anticipate that Tenable will post -0.51 EPS for the current year.

Insider Buying and Selling

In related news, CEO Amit Yoran sold 14,880 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $47.96, for a total value of $713,644.80. Following the completion of the transaction, the chief executive officer now directly owns 91,046 shares of the company's stock, valued at approximately $4,366,566.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tenable news, Director Linda Kay Zecher sold 2,223 shares of the company's stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $45.00, for a total value of $100,035.00. Following the completion of the sale, the director now directly owns 12,922 shares in the company, valued at $581,490. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 14,880 shares of the company's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $47.96, for a total value of $713,644.80. Following the completion of the sale, the chief executive officer now owns 91,046 shares of the company's stock, valued at $4,366,566.16. The disclosure for this sale can be found here. Insiders sold 77,003 shares of company stock valued at $3,642,150 in the last three months. 4.80% of the stock is currently owned by corporate insiders.