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 Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler cut their price objective on shares of Tenable from $72.00 to $65.00 in a report on Wednesday, July 13th. DA Davidson cut their price objective on shares of Tenable from $75.00 to $53.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Morgan Stanley cut their price objective on shares of Tenable from $63.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, July 27th. Wedbush cut their price objective on shares of Tenable from $70.00 to $57.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Finally, Wolfe Research dropped their target price on Tenable from $59.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday, July 29th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, Tenable has a consensus rating of "Buy" and a consensus target price of $56.87.

Tenable Price Performance

Shares of NASDAQ:TENB traded up $1.04 during midday trading on Friday, reaching $43.02. 896,979 shares of the company's stock traded hands, compared to its average volume of 1,259,562. The company has a fifty day simple moving average of $46.86 and a two-hundred day simple moving average of $50.59. 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 1.56 and a current ratio of 1.47. The company has a market cap of $4.80 billion, a P/E ratio of -59.75 and a beta of 1.35.

Insider Activity at Tenable

In other Tenable news, General Counsel Stephen A. Riddick sold 1,534 shares of the firm's 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 completion of the sale, the general counsel now directly owns 43,800 shares of the company's stock, valued at approximately $1,920,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Stephen A. Vintz sold 2,858 shares of Tenable stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $43.85, for a total value of $125,323.30. Following the completion of the transaction, the chief financial officer now owns 129,880 shares in the company, valued at approximately $5,695,238. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stephen A. Riddick sold 1,534 shares of Tenable stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $43.85, for a total value of $67,265.90. Following the completion of the transaction, the general counsel now owns 43,800 shares of the company's stock, valued at approximately $1,920,630. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,572 shares of company stock valued at $4,268,456. 4.80% of the stock is owned by insiders.