Tenable Holdings, Inc. (NASDAQ:TENB) Receives $52.19 Consensus Price Target from Analysts

Shares of Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $52.19.

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price target on shares of Tenable in a report on Friday, September 13th. Truist Financial reiterated a "buy" rating and set a $55.00 price target (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Barclays lowered their price target on Tenable from $57.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, August 1st. Jefferies Financial Group assumed coverage on Tenable in a report on Wednesday. They set a "hold" rating and a $45.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on Tenable from $60.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, August 1st.

Tenable Trading Down 0.8 %

Shares of TENB traded down $0.35 during midday trading on Thursday, reaching $42.34. The company had a trading volume of 513,370 shares, compared to its average volume of 908,169. Tenable has a 1-year low of $33.85 and a 1-year high of $53.50. The stock has a market cap of $5.04 billion, a PE ratio of -75.62 and a beta of 0.83. The firm has a 50 day simple moving average of $40.84 and a 200-day simple moving average of $42.75. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98.

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

Insider Activity

In other news, CEO Amit Yoran sold 5,673 shares of Tenable 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 completion of the transaction, the chief executive officer now owns 39,309 shares in the company, valued at approximately $1,641,150.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Mark C. Thurmond sold 3,383 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares of the company's stock, valued at $1,419,731.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,469 shares of company stock worth $2,429,076. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TENB. Vanguard Group Inc. grew its position in shares of Tenable by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company's stock valued at $620,018,000 after buying an additional 32,535 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock valued at $182,685,000 after buying an additional 471,126 shares during the last quarter. RGM Capital LLC grew its position in shares of Tenable by 4.5% in the 2nd quarter. RGM Capital LLC now owns 3,539,236 shares of the company's stock valued at $154,240,000 after buying an additional 153,127 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Tenable by 20.2% in the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company's stock valued at $172,575,000 after buying an additional 585,559 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company's stock valued at $78,650,000 after buying an additional 593,529 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.