Tenable Holdings Inc (TENB) Given Average Rating of “Buy” by Brokerages

Shares of Tenable Holdings Inc (NASDAQ:TENB) have been given a consensus recommendation of “Buy” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.86.

TENB has been the subject of several research analyst reports. Morgan Stanley upgraded Tenable from an “equal” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $31.00 in a research report on Tuesday, January 15th. Berenberg Bank initiated coverage on Tenable in a report on Thursday, November 29th. They issued a “buy” rating and a $38.00 price objective for the company. Summit Insights initiated coverage on Tenable in a report on Monday, February 11th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded Tenable from a “sell” rating to a “hold” rating in a report on Saturday, January 26th.

In related news, CFO Stephen A. Vintz sold 100,000 shares of Tenable stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $28.77, for a total value of $2,877,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amit Yoran sold 4,710 shares of Tenable stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $32.17, for a total value of $151,520.70. The disclosure for this sale can be found here. Insiders sold 294,619 shares of company stock valued at $8,775,723 over the last 90 days.

Several hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors purchased a new position in Tenable in the third quarter valued at about $63,569,000. Vanguard Group Inc purchased a new position in Tenable in the third quarter valued at about $39,403,000. Vanguard Group Inc. purchased a new position in Tenable in the third quarter valued at about $39,403,000. BlackRock Inc. purchased a new position in Tenable in the third quarter valued at about $35,775,000. Finally, Capital Research Global Investors purchased a new position in Tenable in the third quarter valued at about $17,496,000. Hedge funds and other institutional investors own 43.37% of the company’s stock.

Shares of NASDAQ:TENB traded down $0.76 on Friday, hitting $30.18. 3,374,800 shares of the company’s stock were exchanged, compared to its average volume of 709,639. Tenable has a 12 month low of $20.00 and a 12 month high of $39.38. The company has a market cap of $2.92 billion and a price-to-earnings ratio of -22.19. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

Tenable (NASDAQ:TENB) last released its earnings results on Tuesday, February 5th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.02. The business had revenue of $75.22 million for the quarter, compared to the consensus estimate of $72.59 million. During the same quarter last year, the business posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. As a group, equities research analysts predict that Tenable will post -1.11 EPS for the current fiscal year.

About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

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Analyst Recommendations for Tenable (NASDAQ:TENB)

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