Tenable (NASDAQ:TENB) Stock Rating Upgraded by Stephens

Tenable (NASDAQ:TENB - Get Free Report) was upgraded by Stephens to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on TENB. Cantor Fitzgerald began coverage on Tenable in a report on Monday. They issued an "overweight" rating and a $50.00 price target for the company. Barclays lifted their target price 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. Morgan Stanley started coverage on shares of Tenable in a research note on Tuesday, March 18th. They set an "equal weight" rating and a $40.00 price target on the stock. Scotiabank lifted their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Truist Financial cut their target price on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.76.

Tenable Stock Down 3.9 %

Shares of Tenable stock traded down $1.30 on Monday, reaching $32.05. The stock had a trading volume of 1,326,903 shares, compared to its average volume of 959,352. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.86 billion, a P/E ratio of -106.83 and a beta of 0.88. The company has a 50 day moving average price of $38.56 and a 200 day moving average price of $40.19. Tenable has a 1 year low of $31.53 and a 1 year high of $50.07.

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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 (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, equities research analysts forecast that Tenable will post 0.12 EPS for the current year.

Insider Activity

In other Tenable news, Director Raymond Jr. Vicks sold 809 shares of the firm'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 value of $31,162.68. Following the sale, the director now directly owns 8,659 shares of the company's stock, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the completion of the sale, the chief executive officer now owns 41,266 shares of the company's stock, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,937 shares of company stock valued at $570,418 in the last three months. 4.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently added to or reduced their stakes in TENB. Arizona State Retirement System lifted its holdings in Tenable by 1.0% during the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock valued at $1,361,000 after purchasing an additional 332 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after purchasing an additional 390 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Tenable by 3.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock valued at $616,000 after buying an additional 450 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tenable by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company's stock worth $2,118,000 after buying an additional 457 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Tenable by 1.8% during the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after buying an additional 564 shares in the last quarter. Institutional investors and hedge funds 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.