Tenable (NASDAQ:TENB) Rating Reiterated by Wedbush

Wedbush reaffirmed their outperform rating on shares of Tenable (NASDAQ:TENB) in a report issued on Thursday morning, Benzinga reports. They currently have a $65.00 price objective on the stock.

Several other research analysts also recently weighed in on TENB. Westpark Capital raised shares of Tenable from a hold rating to a buy rating and set a $65.00 target price for the company in a research note on Friday, January 12th. Needham & Company LLC restated a buy rating and issued a $62.00 price target on shares of Tenable in a report on Thursday. Truist Financial lifted their price target on Tenable from $50.00 to $60.00 and gave the company a buy rating in a report on Wednesday, February 7th. Stephens lifted their price target on Tenable from $60.00 to $62.00 and gave the company an overweight rating in a report on Wednesday, February 7th. Finally, Morgan Stanley upgraded Tenable from an equal weight rating to an overweight rating and lifted their price target for the company from $46.00 to $60.00 in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $57.20.

Tenable Trading Up 0.4 %

NASDAQ:TENB opened at $44.78 on Thursday. The company has a market capitalization of $5.32 billion, a PE ratio of -76.90 and a beta of 0.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The stock has a fifty day simple moving average of $47.06 and a 200-day simple moving average of $45.18.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.59%. The firm had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. On average, equities research analysts expect that Tenable will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at Tenable

In other news, COO Mark C. Thurmond sold 3,976 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total transaction of $188,223.84. Following the completion of the sale, the chief operating officer now owns 53,500 shares in the company, valued at approximately $2,532,690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tenable news, CFO Stephen A. Vintz sold 5,216 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total value of $241,083.52. Following the completion of the transaction, the chief financial officer now owns 238,593 shares in the company, valued at approximately $11,027,768.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 3,976 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total value of $188,223.84. Following the completion of the transaction, the chief operating officer now owns 53,500 shares of the company’s stock, valued at approximately $2,532,690. The disclosure for this sale can be found here. In the last quarter, insiders sold 317,382 shares of company stock worth $15,021,615. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tenable

A number of institutional investors and hedge funds have recently bought and sold shares of TENB. Dakota Wealth Management purchased a new position in Tenable in the 3rd quarter worth approximately $210,000. Raymond James & Associates boosted its holdings in Tenable by 4.8% in the 3rd quarter. Raymond James & Associates now owns 17,336 shares of the company’s stock worth $777,000 after acquiring an additional 800 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Tenable by 2.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 45,740 shares of the company’s stock worth $2,049,000 after acquiring an additional 904 shares during the period. Mackenzie Financial Corp raised its position in shares of Tenable by 0.9% in the 3rd quarter. Mackenzie Financial Corp now owns 3,021,637 shares of the company’s stock valued at $131,955,000 after purchasing an additional 27,875 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in shares of Tenable by 7.7% in the 3rd quarter. Emerald Advisers LLC now owns 795,198 shares of the company’s stock valued at $35,625,000 after purchasing an additional 56,677 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.