Tenable Holdings, Inc. (NASDAQ:TENB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Tenable Holdings, Inc. (NASDAQ:TENB) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $49.67.

Several equities analysts have recently commented on TENB shares. Scotiabank boosted their price objective on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Barclays boosted their price target on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $45.00 in a report on Friday, January 17th. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares in the company, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the sale, the director now owns 8,659 shares of the company’s stock, valued at approximately $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Tenable

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PharVision Advisers LLC bought a new position in Tenable during the 4th quarter valued at about $442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Tenable by 20.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,575 shares of the company’s stock valued at $12,191,000 after buying an additional 51,989 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Tenable during the fourth quarter valued at approximately $923,000. Vident Advisory LLC raised its holdings in shares of Tenable by 23.3% in the fourth quarter. Vident Advisory LLC now owns 92,381 shares of the company’s stock worth $3,638,000 after buying an additional 17,458 shares during the period. Finally, Twinbeech Capital LP bought a new stake in shares of Tenable during the 4th quarter worth approximately $2,554,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

NASDAQ:TENB opened at $38.37 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50-day simple moving average of $40.74 and a two-hundred day simple moving average of $41.05. The firm has a market capitalization of $4.61 billion, a PE ratio of -127.90 and a beta of 0.87. Tenable has a 52-week low of $35.25 and a 52-week high of $50.30.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Analysts forecast that Tenable will post 0.12 EPS for the current year.

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.