Jefferies Financial Group Has Lowered Expectations for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB - Get Free Report) had its target price decreased by investment analysts at Jefferies Financial Group from $45.00 to $37.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 15.44% from the stock's current price.

Other research analysts have also issued research reports about the stock. 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 report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Cantor Fitzgerald started coverage on Tenable in a research note on Monday. They issued an "overweight" rating and a $50.00 price target on the stock. Scotiabank upped their price objective on shares of Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Barclays lifted their target price on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.76.

Remove Ads

Tenable Price Performance

Shares of TENB traded down $1.30 during midday trading on Monday, reaching $32.05. The stock had a trading volume of 1,326,903 shares, compared to its average volume of 959,352. 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 company has a market capitalization of $3.86 billion, a P/E ratio of -106.83 and a beta of 0.88. The firm's 50 day moving average price is $38.56 and its 200-day moving average price is $40.19. Tenable has a 52 week low of $31.53 and a 52 week high of $50.07.

Tenable (NASDAQ:TENB - Get Free Report) last issued 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%. On average, analysts forecast that Tenable will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Tenable

In related news, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the transaction, the director now directly owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,937 shares of company stock worth $570,418 over the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Tenable

Several large investors have recently made changes to their positions in TENB. Arizona State Retirement System lifted its holdings in Tenable by 1.0% in the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock worth $1,361,000 after purchasing an additional 332 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Tenable by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock valued at $486,000 after purchasing an additional 390 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock worth $616,000 after buying an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tenable by 0.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company's stock worth $2,118,000 after buying an additional 457 shares during the period. Finally, Tidal Investments LLC grew its stake in Tenable by 1.8% in the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after buying an additional 564 shares during the last quarter. 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.