Analysts Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $49.67

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen analysts that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $49.20.

Several analysts have weighed in on TENB shares. Jefferies Financial Group lifted 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Scotiabank raised 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. Stifel Nicolaus cut shares of Tenable from a "buy" rating to a "hold" rating and dropped their target price for the company from $46.00 to $45.00 in a report on Friday, January 17th. Finally, Barclays increased their price target on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th.

Tenable Trading Up 1.4 %

NASDAQ TENB traded up $0.51 on Friday, hitting $37.50. The company's stock had a trading volume of 783,149 shares, compared to its average volume of 916,281. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a 52-week low of $35.25 and a 52-week high of $50.30. The firm has a market cap of $4.51 billion, a P/E ratio of -124.98 and a beta of 0.87. The company's 50-day simple moving average is $39.71 and its 200 day simple moving average is $40.53.

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

Insiders Place Their Bets

In other Tenable news, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the transaction, the director now owns 353 shares of the company's stock, valued at approximately $13,061. This trade represents a 87.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raymond Jr. Vicks sold 809 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares of the company's stock, valued at $333,544.68. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,937 shares of company stock worth $570,418 in the last ninety days. 4.30% of the stock is owned by company insiders.

Institutional Trading of Tenable

A number of hedge funds have recently bought and sold shares of TENB. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after purchasing an additional 575 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company's stock valued at $26,000 after buying an additional 289 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company's stock worth $30,000 after buying an additional 652 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Tenable during the 4th quarter worth approximately $35,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Tenable during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

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.