Tenable (NASDAQ:TENB) Price Target Lowered to $52.00 at Stifel Nicolaus

Tenable (NASDAQ:TENB) had its price objective reduced by analysts at Stifel Nicolaus from $54.00 to $52.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 25.27% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $62.00 price objective on shares of Tenable in a research note on Friday, June 14th. Baird R W raised shares of Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Westpark Capital restated a “buy” rating and set a $54.00 price objective on shares of Tenable in a research note on Monday. Susquehanna cut their target price on shares of Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group lowered their price target on Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.12.

Tenable Stock Down 9.6 %

Shares of TENB stock traded down $4.41 during trading on Thursday, reaching $41.51. The company’s stock had a trading volume of 2,411,343 shares, compared to its average volume of 954,507. The business has a fifty day moving average price of $42.45 and a 200-day moving average price of $45.52. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. Tenable has a one year low of $33.85 and a one year high of $53.50. The company has a market cap of $4.93 billion, a price-to-earnings ratio of -71.57 and a beta of 0.86.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The business had revenue of $215.96 million for the quarter, compared to the consensus estimate of $213.56 million. Analysts anticipate that Tenable will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Tenable

In related news, Director Yoran Amit 70,000 shares of Tenable stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Mark C. Thurmond 4,700 shares of the company’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Yoran Amit 70,000 shares of Tenable stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold 24,132 shares of company stock valued at $1,049,183 in the last quarter. Company insiders own 4.30% of the company’s stock.

Institutional Trading of Tenable

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after purchasing an additional 276 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Tenable by 10.1% in the second quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock valued at $16,277,000 after buying an additional 34,254 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Tenable during the second quarter worth $1,769,000. Bank of New York Mellon Corp increased its holdings in shares of Tenable by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock worth $37,833,000 after buying an additional 89,677 shares in the last quarter. Finally, Vanderbilt University lifted its stake in shares of Tenable by 31.4% in the 2nd quarter. Vanderbilt University now owns 129,576 shares of the company’s stock valued at $5,647,000 after acquiring an additional 30,962 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Company Profile

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 Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.