Tenable (NASDAQ:TENB) Now Covered by Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald assumed coverage on shares of Tenable (NASDAQ:TENB - Get Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $50.00 price target on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 57.67% from the stock's previous close. Cantor Fitzgerald also issued estimates for Tenable's FY2025 earnings at $0.13 EPS.

Other research analysts have also issued reports about the company. Stifel Nicolaus lowered Tenable from a "buy" rating to a "hold" rating and cut their target price for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Morgan Stanley started coverage on Tenable in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $40.00 price objective on the stock. Barclays increased their target price on shares of Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Truist Financial reduced their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Scotiabank increased their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.76.

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Tenable Trading Down 4.9 %

Shares of TENB stock traded down $1.64 during mid-day trading on Monday, hitting $31.71. 320,356 shares of the company's stock were exchanged, compared to its average volume of 955,430. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -105.77 and a beta of 0.88. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a fifty-two week low of $31.61 and a fifty-two week high of $50.07. The stock has a 50-day simple moving average of $38.56 and a two-hundred day simple moving average of $40.19.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates 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 EPS for the current fiscal year.

Insider Activity at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of Tenable stock in a transaction that occurred 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 transaction, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now directly owns 353 shares of the company's stock, valued at approximately $13,061. This represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,937 shares of company stock worth $570,418 in the last three months. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TENB. State Street Corp lifted its holdings in shares of Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company's stock valued at $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Geode Capital Management LLC boosted its position in Tenable by 1.2% during the 3rd 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 position in Tenable during the 4th quarter valued at about $15,653,000. Nordea Investment Management AB increased its holdings in shares of Tenable by 10.4% in the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company's stock valued at $10,489,000 after purchasing an additional 25,247 shares during the period. Finally, Barclays PLC lifted its position in shares of Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after purchasing an additional 177,048 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.