Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $50.63.
A number of research analysts have recently issued reports on TENB shares. Robert W. Baird cut their price objective on shares of Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Piper Sandler cut their price target on shares of Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group assumed coverage on Tenable in a report on Wednesday, October 16th. They set a "hold" rating and a $45.00 price objective for the company. Westpark Capital restated a "hold" rating on shares of Tenable in a research note on Thursday, October 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th.
Check Out Our Latest Report on TENB
Tenable Stock Down 2.3 %
TENB traded down $1.02 on Friday, hitting $42.42. The company had a trading volume of 558,250 shares, compared to its average volume of 924,208. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -83.18 and a beta of 0.83. 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 moving average price of $41.51 and a 200-day moving average price of $41.61. Tenable has a 12-month low of $35.25 and a 12-month high of $53.50.
Insider Transactions at Tenable
In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of the transaction, the chief financial officer now owns 281,536 shares in the company, valued at approximately $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amit Yoran sold 5,293 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $226,222.82. Following 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 20,654 shares of company stock worth $862,879 over the last quarter. 4.30% of the stock is currently owned by insiders.
Institutional Trading of Tenable
Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its position in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company's stock worth $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after acquiring an additional 652 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Tenable in the second quarter worth approximately $40,000. Truvestments Capital LLC purchased a new stake in shares of Tenable during the third quarter worth approximately $171,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Tenable in the 2nd quarter valued at $200,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
Tenable Company Profile
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Get Free ReportTenable 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.
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