Tenable (NASDAQ:TENB) Given New $45.00 Price Target at Scotiabank

Tenable (NASDAQ:TENB - Free Report) had its target price raised by Scotiabank from $44.00 to $45.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus lowered shares of Tenable from a "buy" rating to a "hold" rating and decreased their price objective for the company from $46.00 to $45.00 in a report on Friday. Piper Sandler decreased their price target on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price target on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Barclays reduced their price objective on Tenable from $49.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $50.00 target price on shares of Tenable in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $50.25.

Tenable Trading Up 0.6 %

TENB stock traded up $0.23 during midday trading on Tuesday, reaching $41.06. The company's stock had a trading volume of 864,924 shares, compared to its average volume of 938,744. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of -80.51 and a beta of 0.85. Tenable has a 1 year low of $35.25 and a 1 year 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 stock has a fifty day simple moving average of $41.10 and a two-hundred day simple moving average of $41.36.

Insider Buying and Selling at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 4,828 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the sale, the chief executive officer now owns 45,171 shares in the company, valued at $1,839,363.12. The trade was a 9.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,463 shares of company stock worth $894,042 over the last three months. Corporate insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its stake in Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company's stock worth $26,000 after acquiring an additional 289 shares during the last quarter. Xponance Inc. raised its stake in shares of Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company's stock worth $324,000 after purchasing an additional 389 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Tenable by 5.7% in the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company's stock worth $332,000 after purchasing an additional 443 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Tenable by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company's stock worth $2,118,000 after purchasing an additional 457 shares during the period. Finally, Olympiad Research LP boosted its position in Tenable by 11.1% in the third quarter. Olympiad Research LP now owns 5,287 shares of the company's stock valued at $214,000 after buying an additional 528 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.