Shares of Tenable Holdings Inc (NASDAQ:TENB) have received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $38.00.
A number of brokerages have recently commented on TENB. Wedbush reiterated a “buy” rating and set a $44.00 price objective on shares of Tenable in a research report on Tuesday, May 14th. Cowen began coverage on Tenable in a research report on Thursday, May 23rd. They set an “outperform” rating and a $36.00 price objective for the company. Finally, Zacks Investment Research upgraded Tenable from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Saturday, May 4th.
In other news, Director John C. Huffard, Jr. sold 30,700 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $26.65, for a total value of $818,155.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen A. Vintz sold 75,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.77, for a total value of $2,532,750.00. The disclosure for this sale can be found here. Insiders sold 311,045 shares of company stock valued at $10,059,972 in the last 90 days. Corporate insiders own 31.90% of the company’s stock.
Shares of NASDAQ:TENB opened at $26.05 on Friday. Tenable has a one year low of $20.00 and a one year high of $39.38. The firm has a market cap of $2.56 billion and a PE ratio of -19.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.60 and a quick ratio of 1.60.
Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.05. The company had revenue of $80.30 million for the quarter, compared to analyst estimates of $78.37 million. The company’s revenue was up 35.9% on a year-over-year basis. On average, equities research analysts expect that Tenable will post -1.02 EPS for the current year.
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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