Wedbush reissued their buy rating on shares of Tenable (NASDAQ:TENB) in a research note released on Wednesday, AnalystRatings.com reports. They currently have a $44.00 price target on the stock.
A number of other research analysts also recently weighed in on TENB. Cowen began coverage on Tenable in a report on Thursday, May 23rd. They set an outperform rating and a $36.00 target price on the stock. Macquarie began coverage on Tenable in a report on Tuesday, July 16th. They set a neutral rating and a $35.00 target price on the stock. Zacks Investment Research upgraded Tenable from a hold rating to a buy rating and set a $35.00 target price on the stock in a report on Saturday, May 4th. Finally, Nomura began coverage on Tenable in a report on Friday, June 28th. They set a neutral rating and a $30.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $36.45.
Shares of TENB stock traded down $0.22 during midday trading on Wednesday, reaching $24.51. 709,733 shares of the stock were exchanged, compared to its average volume of 530,017. Tenable has a 1 year low of $20.00 and a 1 year high of $39.38. The company has a 50 day simple moving average of $28.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 1.60.
Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, July 30th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. Tenable had a negative return on equity of 64.96% and a negative net margin of 26.92%. The firm had revenue of $85.38 million for the quarter, compared to the consensus estimate of $82.73 million. During the same quarter in the prior year, the business earned ($0.18) EPS. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. Sell-side analysts forecast that Tenable will post -0.95 earnings per share for the current year.
In related news, CEO Amit Yoran sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $27.93, for a total value of $279,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO John Negron sold 32,417 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $29.77, for a total value of $965,054.09. The disclosure for this sale can be found here. Insiders sold a total of 136,768 shares of company stock worth $3,942,080 in the last 90 days. 31.90% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund bought a new position in Tenable in the fourth quarter worth $311,000. BlackRock Inc. lifted its position in Tenable by 3.9% in the fourth quarter. BlackRock Inc. now owns 955,614 shares of the company’s stock worth $21,206,000 after purchasing an additional 35,472 shares during the period. Bank of New York Mellon Corp lifted its position in Tenable by 17.8% in the fourth quarter. Bank of New York Mellon Corp now owns 36,336 shares of the company’s stock worth $806,000 after purchasing an additional 5,497 shares during the period. Raymond James & Associates bought a new position in Tenable in the fourth quarter worth $294,000. Finally, Geode Capital Management LLC lifted its position in Tenable by 17.5% in the fourth quarter. Geode Capital Management LLC now owns 187,975 shares of the company’s stock worth $4,171,000 after purchasing an additional 27,967 shares during the period. Institutional investors own 53.50% of the company’s stock.
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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