Jefferies Financial Group Raises Tenable (NASDAQ:TENB) Price Target to $45.00

Tenable (NASDAQ:TENB - Free Report) had its price objective raised by Jefferies Financial Group from $40.00 to $45.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Tenable in a research report on Tuesday, October 29th. Barclays dropped their target price on Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Westpark Capital restated a "hold" rating on shares of Tenable in a report on Thursday, October 31st. Robert W. Baird lowered their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Piper Sandler reduced their target price on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $50.63.

Tenable Trading Up 2.3 %

Shares of TENB traded up $0.94 during trading hours on Thursday, hitting $40.94. The stock had a trading volume of 1,162,244 shares, compared to its average volume of 923,135. The company's fifty day simple moving average is $41.72 and its 200 day simple moving average is $41.56. Tenable has a 12-month low of $35.25 and a 12-month high of $53.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $4.92 billion, a P/E ratio of -80.27 and a beta of 0.83.

Insider Transactions at Tenable

In related news, CFO Stephen A. Vintz sold 2,801 shares of the firm's 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 owns 281,536 shares of the company's stock, valued at approximately $11,464,145.92. This trade represents a 0.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mark C. Thurmond sold 2,343 shares of the company's 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 transaction, the chief operating officer now owns 37,188 shares of the company's stock, valued at approximately $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,654 shares of company stock worth $862,879. 4.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tenable

Several hedge funds and other institutional investors have recently modified their holdings of TENB. State Street Corp increased its stake in Tenable by 2.6% during 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 period. Geode Capital Management LLC grew its holdings in Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock worth $113,255,000 after acquiring an additional 33,303 shares during the period. Fiera Capital Corp bought a new stake in Tenable in the third quarter worth about $2,494,000. Centiva Capital LP bought a new position in shares of Tenable during the 3rd quarter valued at about $608,000. Finally, Barclays PLC grew its stake in shares of Tenable by 31.9% in 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. Institutional investors and hedge funds 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.