Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $52.19.
TENB has been the subject of a number of research analyst reports. Scotiabank dropped their price target on Tenable from $47.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, August 1st. Robert W. Baird dropped their target price on shares of Tenable from $55.00 to $53.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st. Jefferies Financial Group began coverage on shares of Tenable in a report on Wednesday. They issued a "hold" rating and a $45.00 price target on the stock. Susquehanna lowered their price objective on shares of Tenable from $60.00 to $48.00 and set a "positive" rating on the stock in a research report on Thursday, August 1st. Finally, Stifel Nicolaus cut their target price on shares of Tenable from $54.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, August 1st.
Check Out Our Latest Analysis on Tenable
In other news, COO Mark C. Thurmond sold 3,383 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the transaction, the chief operating officer now owns 34,079 shares in the company, valued at approximately $1,419,731.14. This trade represents a 0.00 % 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. In other news, COO Mark C. Thurmond sold 3,383 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the sale, the chief operating officer now directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the transaction, the chief executive officer now owns 39,309 shares in the company, valued at approximately $1,641,150.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,469 shares of company stock worth $2,429,076. 4.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. Vanguard Group Inc. increased its position in Tenable by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company's stock valued at $620,018,000 after purchasing an additional 32,535 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company's stock valued at $182,685,000 after purchasing an additional 471,126 shares in the last quarter. RGM Capital LLC increased its position in shares of Tenable by 4.5% during the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company's stock valued at $154,240,000 after buying an additional 153,127 shares during the period. William Blair Investment Management LLC raised its stake in Tenable by 20.2% in the first quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company's stock worth $172,575,000 after buying an additional 585,559 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its stake in Tenable by 59.5% in the first quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company's stock worth $78,650,000 after buying an additional 593,529 shares in the last quarter. Institutional investors own 89.06% of the company's stock.
Tenable stock opened at $42.69 on Thursday. The firm's 50 day simple moving average is $40.84 and its 200 day simple moving average is $42.75. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. Tenable has a 1-year low of $33.85 and a 1-year high of $53.50.
Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $221.24 million for the quarter, compared to analysts' expectations of $218.41 million. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. Analysts expect that Tenable will post -0.06 earnings per share for the current fiscal year.
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.
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