Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Rating of "Moderate Buy" from Analysts

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $50.63.

TENB has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective 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. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research report on Thursday, October 31st. Morgan Stanley reiterated an "equal weight" rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Barclays dropped their price objective on Tenable from $49.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their target price on Tenable from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, December 19th.

Insider Transactions at Tenable

In other Tenable news, COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the sale, the chief operating officer now directly owns 37,188 shares in the company, valued at $1,589,415.12. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 3,180 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $135,913.20. Following the transaction, the chief financial officer now owns 285,045 shares of the company's stock, valued at approximately $12,182,823.30. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,654 shares of company stock valued at $862,879. Corporate insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its position in shares of 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 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 purchasing an additional 652 shares during the period. Quest Partners LLC bought a new stake in Tenable during the second quarter valued at $40,000. Truvestments Capital LLC acquired a new stake in shares of Tenable during the third quarter worth $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tenable during the second quarter worth $200,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Trading Up 0.2 %

Shares of TENB stock traded up $0.09 during mid-day trading on Tuesday, hitting $39.38. 662,771 shares of the company's stock were exchanged, compared to its average volume of 921,103. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of -77.22 and a beta of 0.83. The stock has a 50-day simple moving average of $41.39 and a two-hundred day simple moving average of $41.53. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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.