Tufin Software Technologies Ltd (NYSE:TUFN) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,010,000 shares, a growth of 24.5% from the December 15th total of 811,300 shares. Based on an average trading volume of 396,800 shares, the days-to-cover ratio is presently 2.5 days. Currently, 6.1% of the company’s stock are sold short.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Tufin Software Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. DA Davidson assumed coverage on shares of Tufin Software Technologies in a research report on Wednesday, November 27th. They set a “buy” rating on the stock. ValuEngine downgraded shares of Tufin Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. Jefferies Financial Group lowered their target price on shares of Tufin Software Technologies from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, January 9th. Finally, Piper Sandler reissued a “neutral” rating and set a $20.00 target price on shares of Tufin Software Technologies in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.13.
TUFN traded up $0.11 during midday trading on Tuesday, reaching $14.21. 385,400 shares of the company’s stock were exchanged, compared to its average volume of 767,744. Tufin Software Technologies has a one year low of $11.65 and a one year high of $31.04. The business has a 50-day simple moving average of $16.90 and a two-hundred day simple moving average of $18.77.
Tufin Software Technologies (NYSE:TUFN) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. The firm had revenue of $25.60 million during the quarter, compared to analysts’ expectations of $25.16 million. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. The company’s quarterly revenue was up 32.6% on a year-over-year basis. Equities research analysts expect that Tufin Software Technologies will post -0.9 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Barclays PLC bought a new position in shares of Tufin Software Technologies in the third quarter valued at approximately $25,000. Tower Research Capital LLC TRC bought a new position in shares of Tufin Software Technologies in the second quarter valued at approximately $44,000. Wells Fargo & Company MN bought a new position in shares of Tufin Software Technologies in the second quarter valued at approximately $176,000. BlackRock Inc. bought a new position in shares of Tufin Software Technologies in the second quarter valued at approximately $180,000. Finally, Morgan Stanley bought a new position in shares of Tufin Software Technologies in the second quarter valued at approximately $213,000. Institutional investors own 27.34% of the company’s stock.
Tufin Software Technologies Company Profile
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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