Tenable Holdings Inc (NASDAQ:TENB) Given Consensus Recommendation of “Buy” by Analysts

Tenable Holdings Inc (NASDAQ:TENB) has been given an average rating of “Buy” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.45.

Several brokerages have issued reports on TENB. Cowen began coverage on shares of Tenable in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $36.00 price objective for the company. Nomura set a $29.00 price objective on shares of Tenable and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Deutsche Bank set a $38.00 price objective on shares of Tenable and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Tenable from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Saturday, May 4th. Finally, Wedbush reaffirmed a “buy” rating and set a $44.00 target price on shares of Tenable in a research report on Wednesday, July 31st.

Shares of NASDAQ:TENB traded down $0.09 during trading on Monday, reaching $22.75. The company’s stock had a trading volume of 541,600 shares, compared to its average volume of 738,451. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.06. Tenable has a 12 month low of $20.00 and a 12 month high of $39.38. The company’s 50 day moving average price is $28.13. The stock has a market cap of $2.18 billion and a PE ratio of -16.73.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.17. The firm had revenue of $85.38 million during the quarter, compared to the consensus estimate of $82.73 million. Tenable had a negative net margin of 26.92% and a negative return on equity of 64.96%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) EPS. On average, equities analysts predict that Tenable will post -0.95 EPS for the current fiscal year.

In other news, Director Jerry M. Kennelly sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.96, for a total transaction of $367,360.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John C. Huffard, Jr. sold 10,700 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $24.95, for a total transaction of $266,965.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,468 shares of company stock worth $4,576,405. Corporate insiders own 31.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC increased its position in shares of Tenable by 1,743.0% during the fourth quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock worth $41,000 after acquiring an additional 1,743 shares during the period. Meitav Dash Investments Ltd. increased its holdings in Tenable by 16.7% during the first quarter. Meitav Dash Investments Ltd. now owns 13,009 shares of the company’s stock valued at $418,000 after buying an additional 1,861 shares during the period. Strs Ohio increased its holdings in Tenable by 12.0% during the first quarter. Strs Ohio now owns 21,400 shares of the company’s stock valued at $677,000 after buying an additional 2,300 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Tenable by 40.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock valued at $259,000 after buying an additional 2,630 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Tenable by 193.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock valued at $89,000 after buying an additional 2,659 shares during the period. 53.79% of the stock is currently owned by institutional investors and hedge funds.

Tenable Company Profile

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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Analyst Recommendations for Tenable (NASDAQ:TENB)

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