Jefferies Financial Group Issues Positive Forecast for Tenable (NASDAQ:TENB) Stock Price

Tenable (NASDAQ:TENB) had its price objective increased by Jefferies Financial Group from $40.00 to $45.00 in a report published on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays dropped their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Robert W. Baird reduced their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Tenable in a report on Tuesday, October 29th. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Finally, Westpark Capital reiterated a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.63.

Tenable Price Performance

Shares of NASDAQ TENB traded down $0.58 during mid-day trading on Thursday, reaching $40.36. The company’s stock had a trading volume of 139,961 shares, compared to its average volume of 919,385. Tenable has a 52 week low of $35.25 and a 52 week high of $53.50. The firm has a market capitalization of $4.85 billion, a PE ratio of -79.14 and a beta of 0.83. The stock has a fifty day moving average of $41.69 and a two-hundred day moving average of $41.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Insider Activity

In other news, CEO Amit Yoran sold 4,828 shares of Tenable stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at $1,839,363.12. The trade was a 9.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $89,950.48. Following the completion of the transaction, the chief operating officer now owns 35,480 shares in the company, valued at approximately $1,444,745.60. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,654 shares of company stock worth $862,879. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Tenable

Several large investors have recently modified their holdings of TENB. Covestor Ltd increased its stake in Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the period. Larson Financial Group LLC lifted its position in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares during the period. Quest Partners LLC purchased a new stake in Tenable in the 2nd quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new position in Tenable during the 3rd quarter worth approximately $171,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Tenable during the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About Tenable

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.