Tenable Holdings, Inc. (NASDAQ:TENB) Receives Average Recommendation of “Moderate Buy” from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $52.67.

A number of analysts have weighed in on TENB shares. 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, August 1st. Piper Sandler lowered their target price on shares of Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Tenable in a report on Friday, September 13th. Stifel Nicolaus decreased their price objective on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, DA Davidson cut shares of Tenable from a “buy” rating to a “neutral” rating and cut their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st.

Insider Transactions at Tenable

In other Tenable news, CEO Amit Yoran sold 5,673 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $236,847.75. Following the transaction, the chief executive officer now owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Tenable news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the completion of the sale, the chief executive officer now owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at $1,419,731.14. The disclosure for this sale can be found here. Insiders have sold 52,469 shares of company stock worth $2,429,076 in the last three months. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Several large investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Tenable by 1.8% during the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock worth $694,000 after buying an additional 276 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Tenable by 4.1% during the 1st quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock worth $374,000 after acquiring an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the last quarter. Xponance Inc. lifted its position in shares of Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after purchasing an additional 389 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Tenable by 1.0% during the first quarter. American International Group Inc. now owns 57,385 shares of the company’s stock worth $2,837,000 after purchasing an additional 592 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Trading Down 0.4 %

Shares of TENB stock opened at $39.92 on Friday. The firm has a fifty day moving average of $41.22 and a 200-day moving average of $43.37. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -68.83 and a beta of 0.83. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. The firm had revenue of $221.24 million during the quarter, compared to analyst estimates of $218.41 million. On average, equities research analysts forecast that Tenable will post -0.06 earnings per share for the current fiscal year.

About Tenable

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.