Tenable Holdings, Inc. (NASDAQ:TENB – Get Free Report) has been given an average rating of “Hold” by the twenty-two ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $46.25.
A number of equities research analysts have issued reports on TENB shares. Truist Financial reiterated a “hold” rating and set a $45.00 price objective (up from $35.00) on shares of Tenable in a research note on Thursday, October 29th. Stephens reissued a “positive” rating on shares of Tenable in a report on Thursday, October 29th. DA Davidson set a $44.00 target price on shares of Tenable in a research report on Thursday, October 29th. Piper Sandler upped their price target on shares of Tenable from $30.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Finally, Cantor Fitzgerald increased their price target on shares of Tenable from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th.
Get Our Latest Stock Analysis on Tenable
Tenable Price Performance
Shares of Tenable stock opened at $42.13 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 324.10 and a beta of 0.89. Tenable has a twelve month low of $15.73 and a twelve month high of $53.22. The company has a 50-day simple moving average of $39.14 and a two-hundred day simple moving average of $29.36.
Tenable (NASDAQ:TENB – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The firm had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Tenable will post 0.58 EPS for the current year.
Insiders Place Their Bets
In other Tenable news, Director A. Brooke Seawell sold 15,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $50.33, for a total value of $754,950.00. Following the sale, the director owned 115,292 shares of the company’s stock, valued at approximately $5,802,646.36. This trade represents a 11.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Barron Anschutz sold 10,000 shares of Tenable stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $51.00, for a total value of $510,000.00. Following the completion of the transaction, the chief accounting officer owned 66,077 shares in the company, valued at approximately $3,369,927. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,390 shares of company stock worth $1,314,446. Company insiders own 1.70% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Tenable during the 2nd quarter worth approximately $498,387,000. Arrowstreet Capital Limited Partnership increased its position in Tenable by 175.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,732,271 shares of the company’s stock valued at $63,131,000 after acquiring an additional 2,375,587 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Tenable in the 2nd quarter valued at approximately $76,759,000. Freestone Grove Partners LP bought a new position in shares of Tenable during the second quarter valued at $42,489,000. Finally, SEB Asset Management AB bought a new position in shares of Tenable during the first quarter valued at $18,935,000. Institutional investors own 89.06% of the company’s stock.
About Tenable
Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and manage security risks across their technology environments. Its exposure management approach is designed to give customers visibility into vulnerabilities and other potential weaknesses across information technology, cloud, operational technology and identity systems.
The company’s offerings include Tenable One, its exposure management platform, and Nessus, its vulnerability assessment product.
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