Tufin Software Technologies Ltd (NYSE:TUFN) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,010,000 shares, an increase of 24.5% from the December 15th total of 811,300 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 396,800 shares, the short-interest ratio is currently 2.5 days.

NYSE:TUFN traded up $0.11 on Tuesday, hitting $14.21. The company had a trading volume of 385,400 shares, compared to its average volume of 767,744. The firm has a 50 day moving average of $16.90 and a two-hundred day moving average of $18.77. Tufin Software Technologies has a 52 week low of $11.65 and a 52 week high of $31.04.

Tufin Software Technologies (NYSE:TUFN) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The business had revenue of $25.60 million during the quarter, compared to the consensus estimate of $25.16 million. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. The company’s revenue was up 32.6% on a year-over-year basis. As a group, analysts expect that Tufin Software Technologies will post -0.9 EPS for the current year.

TUFN has been the topic of a number of research reports. Oppenheimer decreased their price target on shares of Tufin Software Technologies from to in a research note on Thursday, January 9th. Piper Sandler reiterated a “neutral” rating and issued a $20.00 price target on shares of Tufin Software Technologies in a research note on Tuesday, January 7th. ValuEngine lowered shares of Tufin Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 31st. DA Davidson initiated coverage on shares of Tufin Software Technologies in a research note on Wednesday, November 27th. They issued a “buy” rating on the stock. Finally, Piper Jaffray Companies initiated coverage on shares of Tufin Software Technologies in a research note on Tuesday, January 7th. They issued a “hold” rating and a $20.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Tufin Software Technologies presently has an average rating of “Buy” and an average price target of $25.13.

A number of large investors have recently modified their holdings of the stock. Barclays PLC bought a new position in Tufin Software Technologies in the 3rd quarter valued at approximately $25,000. Tower Research Capital LLC TRC bought a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $44,000. Wells Fargo & Company MN acquired a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $176,000. BlackRock Inc. acquired a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $180,000. Finally, Morgan Stanley acquired a new position in Tufin Software Technologies in the 2nd quarter valued at approximately $213,000. 27.34% of the stock is owned by institutional investors and hedge funds.

About Tufin Software Technologies

Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.

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