Tenable Holdings Inc (NASDAQ:TENB) has earned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $38.00.
TENB has been the subject of a number of research reports. Wedbush reaffirmed a “buy” rating and set a $44.00 price target on shares of Tenable in a research report on Monday, May 27th. Zacks Investment Research raised Tenable from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Saturday, May 4th. Finally, Cowen initiated coverage on Tenable in a research report on Thursday, May 23rd. They set an “outperform” rating and a $36.00 price target for the company.
In other news, Director John C. Huffard, Jr. sold 46,056 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $31.69, for a total value of $1,459,514.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amit Yoran sold 30,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $32.38, for a total value of $971,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 275,755 shares of company stock valued at $8,924,340. Insiders own 31.90% of the company’s stock.
Several hedge funds have recently modified their holdings of TENB. Bank of New York Mellon Corp bought a new stake in shares of Tenable in the third quarter valued at about $1,199,000. Morgan Stanley bought a new stake in Tenable during the third quarter worth about $4,930,000. Rhumbline Advisers lifted its position in Tenable by 71.0% during the fourth quarter. Rhumbline Advisers now owns 16,876 shares of the company’s stock worth $374,000 after purchasing an additional 7,008 shares during the period. Gladstone Capital Management LLP lifted its position in Tenable by 1.4% during the fourth quarter. Gladstone Capital Management LLP now owns 176,423 shares of the company’s stock worth $3,915,000 after purchasing an additional 2,503 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in Tenable during the fourth quarter worth about $311,000. 53.51% of the stock is owned by institutional investors and hedge funds.
TENB traded down $0.25 on Friday, reaching $28.22. 1,403,480 shares of the stock were exchanged, compared to its average volume of 786,984. Tenable has a fifty-two week low of $20.00 and a fifty-two week high of $39.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $2.72 billion and a P/E ratio of -20.75.
Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $80.30 million for the quarter, compared to analyst estimates of $78.37 million. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Analysts predict that Tenable will post -1.02 EPS for the current fiscal year.
Tenable Company Profile
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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