Tenable (NASDAQ:TENB) Price Target Lowered to $45.00 at Barclays

Tenable (NASDAQ:TENB - Free Report) had its price target cut by Barclays from $49.00 to $45.00 in a research report report published on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

TENB has been the subject of a number of other reports. Baird R W upgraded shares of Tenable to a "strong-buy" rating in a research report on Monday, July 15th. Jefferies Financial Group assumed coverage on shares of Tenable in a report on Wednesday, October 16th. They issued a "hold" rating and a $45.00 price objective for the company. Scotiabank cut their price objective on shares of Tenable from $47.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Finally, Truist Financial reaffirmed a "buy" rating and issued a $55.00 price objective (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $50.81.

Tenable Stock Performance

NASDAQ TENB traded down $1.62 on Thursday, reaching $39.61. 2,111,289 shares of the company's stock traded hands, compared to its average volume of 910,333. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of -70.73 and a beta of 0.83. The stock has a 50 day moving average price of $40.80 and a 200-day moving average price of $42.26. Tenable has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21.

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

Insider Buying and Selling

In related news, CFO Stephen A. Vintz sold 3,413 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the transaction, the chief financial officer now directly owns 278,493 shares in the company, valued at approximately $11,627,082.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen A. Vintz sold 3,413 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $142,492.75. Following the transaction, the chief financial officer now owns 278,493 shares in the company, valued at $11,627,082.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,469 shares of company stock worth $520,276. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in Tenable by 157.8% in the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company's stock valued at $1,150,000 after purchasing an additional 14,244 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Tenable by 21.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 352,468 shares of the company's stock valued at $17,408,000 after purchasing an additional 61,080 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Tenable by 10.1% in the 1st quarter. ProShare Advisors LLC now owns 21,283 shares of the company's stock valued at $1,052,000 after purchasing an additional 1,961 shares during the last quarter. Blair William & Co. IL boosted its holdings in Tenable by 9.5% in the 1st quarter. Blair William & Co. IL now owns 295,886 shares of the company's stock valued at $14,626,000 after purchasing an additional 25,760 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Tenable by 16.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 932,384 shares of the company's stock valued at $46,088,000 after purchasing an additional 131,117 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Tenable Company Profile

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.