Tenable (NASDAQ:TENB) Now Covered by Analysts at Stephens

Stephens assumed coverage on shares of Tenable (NASDAQ:TENB) in a research note issued to investors on Tuesday. The firm set an “equal weight” rating and a $42.00 price target on the stock. Stephens’ price objective would suggest a potential upside of 20.83% from the stock’s previous close.

Several other brokerages have also weighed in on TENB. Barclays upped their target price on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Morgan Stanley started coverage on shares of Tenable in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $40.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on Tenable in a research report on Monday. They issued an “overweight” rating and a $50.00 price target on the stock. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and an average target price of $47.76.

Tenable Trading Down 0.6 %

Shares of Tenable stock traded down $0.22 on Tuesday, reaching $34.76. 29,119 shares of the company were exchanged, compared to its average volume of 951,933. The stock has a fifty day moving average price of $39.03 and a 200-day moving average price of $40.31. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of -115.41 and a beta of 0.87. Tenable has a fifty-two week low of $33.84 and a fifty-two week high of $50.07. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

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

Insider Activity at Tenable

In other news, Director Linda Kay Zecher sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now owns 353 shares in the company, valued at approximately $13,061. The trade was a 87.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now owns 316,523 shares of the company’s stock, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,937 shares of company stock valued at $570,418 in the last 90 days. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tenable

Large investors have recently bought and sold shares of the business. State Street Corp raised its position in Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after buying an additional 33,303 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Tenable in the fourth quarter valued at about $15,653,000. Nordea Investment Management AB grew its holdings in Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after acquiring an additional 25,247 shares during the last quarter. Finally, Barclays PLC increased its position in Tenable by 31.9% in the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after acquiring an additional 177,048 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Company Profile

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.