Shares of Tenable Holdings Inc (NASDAQ:TENB) have earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $33.91.
Several equities research analysts have recently weighed in on TENB shares. SunTrust Banks started coverage on Tenable in a research report on Wednesday, October 2nd. They set a “hold” rating and a $25.00 target price on the stock. Nomura set a $29.00 target price on Tenable and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Wedbush reissued a “buy” rating and set a $44.00 target price on shares of Tenable in a research report on Wednesday, July 31st. Deutsche Bank set a $38.00 target price on Tenable and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Wednesday, October 30th.
In other Tenable news, Director John C. Huffard, Jr. sold 50,000 shares of Tenable stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $25.48, for a total value of $1,274,000.00. Also, Director John C. Huffard, Jr. sold 25,466 shares of Tenable stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $24.98, for a total value of $636,140.68. Insiders own 31.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in shares of Tenable in the 2nd quarter valued at approximately $31,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Tenable by 40.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock valued at $259,000 after purchasing an additional 2,630 shares during the last quarter. Strs Ohio grew its stake in shares of Tenable by 9.4% in the 3rd quarter. Strs Ohio now owns 31,300 shares of the company’s stock valued at $700,000 after purchasing an additional 2,700 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Tenable by 333.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,668 shares of the company’s stock valued at $105,000 after purchasing an additional 3,592 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Tenable by 1,850.0% in the 2nd quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock valued at $124,000 after purchasing an additional 4,107 shares during the last quarter. Institutional investors own 53.39% of the company’s stock.
Shares of NASDAQ TENB opened at $26.13 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.52. Tenable has a fifty-two week low of $20.00 and a fifty-two week high of $36.26. The firm has a market capitalization of $2.51 billion, a PE ratio of -19.21 and a beta of 2.72. The stock’s 50-day simple moving average is $23.16 and its 200-day simple moving average is $26.04.
Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.17. Tenable had a negative return on equity of 64.40% and a negative net margin of 24.14%. The business had revenue of $91.90 million for the quarter, compared to analyst estimates of $88.79 million. During the same quarter last year, the company earned ($0.14) EPS. The business’s quarterly revenue was up 32.4% on a year-over-year basis. On average, sell-side analysts forecast that Tenable will post -0.87 earnings per share for the current fiscal year.
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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