Tenable Holdings, Inc. (NASDAQ:TENB) Given Average Rating of "Moderate Buy" by Analysts

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen analysts that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $49.67.

A number of analysts recently weighed in on TENB shares. Stifel Nicolaus downgraded Tenable from a "buy" rating to a "hold" rating and dropped their target price for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Robert W. Baird lowered their price objective on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Scotiabank boosted their price objective on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Westpark Capital reiterated a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price objective on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a research report on Thursday, December 19th.

Insider Buying and Selling

In related news, CEO Mark C. Thurmond sold 1,341 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, the chief executive officer now directly owns 41,266 shares of the company's stock, valued at $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Yoran sold 5,293 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 $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares in the company, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,966 shares of company stock valued at $546,488 over the last ninety days. Company insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On Tenable

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after acquiring an additional 575 shares in the last quarter. Covestor Ltd boosted its holdings in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company's stock worth $26,000 after acquiring an additional 289 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Tenable in the fourth quarter worth $35,000. Finally, SBI Securities Co. Ltd. bought a new stake in Tenable in the fourth quarter worth $38,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Price Performance

NASDAQ:TENB traded down $0.16 during mid-day trading on Wednesday, reaching $38.37. The stock had a trading volume of 1,458,983 shares, compared to its average volume of 1,119,095. The firm has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $41.05. The stock has a market capitalization of $4.61 billion, a P/E ratio of -127.90 and a beta of 0.87. Tenable has a one year low of $35.25 and a one year high of $50.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, analysts expect that Tenable will post 0.12 earnings per share for the current year.

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.