Tenable (NASDAQ:TENB) Price Target Lowered to $40.00 at Barclays

Tenable (NASDAQ:TENB - Free Report) had its target price lowered by Barclays from $48.00 to $40.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on the company. Morgan Stanley began coverage on Tenable in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 price objective for the company. Truist Financial decreased their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Jefferies Financial Group reduced their target price on Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, March 31st. Scotiabank lifted their price target on Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Stephens started coverage on Tenable in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $42.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Tenable has an average rating of "Moderate Buy" and a consensus target price of $46.71.

Tenable Stock Performance

Shares of TENB traded down $0.53 during trading hours on Monday, hitting $31.44. The stock had a trading volume of 783,488 shares, compared to its average volume of 969,401. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $3.78 billion, a PE ratio of -104.80 and a beta of 0.88. The stock has a fifty day moving average price of $35.93 and a 200 day moving average price of $39.50. Tenable has a 12 month low of $30.50 and a 12 month high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Analysts anticipate that Tenable will post 0.12 EPS for the current year.

Insider Transactions at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the sale, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock valued at $539,256 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company's stock valued at $118,058,000 after buying an additional 73,293 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock valued at $113,255,000 after buying an additional 33,303 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Tenable during the fourth quarter worth $15,653,000. Nordea Investment Management AB grew its holdings in Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock worth $10,489,000 after acquiring an additional 25,247 shares during the last quarter. Finally, Barclays PLC raised its position in Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after purchasing an additional 177,048 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.