Barclays Issues Positive Forecast for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB - Free Report) had its price target upped by Barclays from $45.00 to $48.00 in a report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday. Stifel Nicolaus downgraded Tenable from a "buy" rating to a "hold" rating and dropped their price objective for the company from $46.00 to $45.00 in a report on Friday, January 17th. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Piper Sandler lowered their price target on Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, Robert W. Baird cut their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.67.

Tenable Trading Up 1.4 %

NASDAQ TENB traded up $0.58 during trading on Thursday, hitting $40.81. The stock had a trading volume of 826,190 shares, compared to its average volume of 1,179,544. The company has a market capitalization of $4.90 billion, a PE ratio of -136.04 and a beta of 0.87. Tenable has a twelve month low of $35.25 and a twelve month high of $52.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average price of $41.38 and a 200 day moving average price of $41.28.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, equities research analysts forecast that Tenable will post 0.18 earnings per share for the current year.

Insider Activity

In related news, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the sale, the chief financial officer now directly owns 281,536 shares in the company, valued at $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mark C. Thurmond sold 2,343 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $100,139.82. Following the completion of the transaction, the chief operating officer now owns 37,188 shares of the company's stock, valued at $1,589,415.12. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,463 shares of company stock valued at $894,042. Company insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On Tenable

Large investors have recently made changes to their positions in the stock. Hilton Capital Management LLC increased its holdings in Tenable by 4.5% in the fourth quarter. Hilton Capital Management LLC now owns 35,268 shares of the company's stock valued at $1,389,000 after buying an additional 1,532 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Tenable by 68.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 3,442 shares of the company's stock valued at $135,000 after purchasing an additional 1,398 shares in the last quarter. Swiss National Bank raised its holdings in Tenable by 0.8% during the fourth quarter. Swiss National Bank now owns 234,200 shares of the company's stock worth $9,223,000 after purchasing an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Tenable by 5.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,300 shares of the company's stock worth $2,178,000 after purchasing an additional 3,019 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after purchasing an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

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.