Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $47.76

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen analysts that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $47.29.

TENB has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating and issued a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Jefferies Financial Group lowered their price target on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Morgan Stanley started coverage on shares of Tenable in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 price objective for the company. Stephens assumed coverage on Tenable in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $42.00 price target on the stock. Finally, Barclays dropped their price objective on Tenable from $48.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday.

Tenable Trading Down 0.2 %

Shares of NASDAQ TENB traded down $0.08 during mid-day trading on Thursday, reaching $32.95. The company had a trading volume of 727,585 shares, compared to its average volume of 970,466. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of -109.83 and a beta of 0.88. Tenable has a 52 week low of $30.50 and a 52 week high of $49.18. The business's 50-day moving average is $36.46 and its 200-day moving average is $39.68. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

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Tenable (NASDAQ:TENB - Get Free Report) last posted 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%. Equities analysts expect that Tenable will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the sale, the chief executive officer now directly owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark C. Thurmond sold 3,606 shares of Tenable stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the transaction, the chief executive officer now owns 74,295 shares of the company's stock, valued at $2,858,871.60. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,128 shares of company stock worth $539,256 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tenable

Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company's stock worth $118,058,000 after buying an additional 73,293 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company's stock worth $113,255,000 after acquiring an additional 33,303 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Tenable during the 4th quarter worth about $15,653,000. Nordea Investment Management AB grew its position in shares of Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock valued at $10,489,000 after acquiring an additional 25,247 shares during the period. Finally, Barclays PLC increased its stake in shares of Tenable by 31.9% in the 3rd quarter. Barclays PLC now owns 731,626 shares of the company's stock valued at $29,646,000 after purchasing an additional 177,048 shares in the last quarter. 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.