Shares of Tenable Holdings Inc (NASDAQ:TENB) have earned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.36.

TENB has been the topic of several recent research reports. Monness Crespi & Hardt upped their price target on Tenable from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Zacks Investment Research cut Tenable from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Goldman Sachs Group started coverage on Tenable in a research note on Tuesday, March 24th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Cowen cut their target price on Tenable from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st.

In other news, CFO Stephen A. Vintz sold 89,300 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $29.25, for a total transaction of $2,612,025.00. Following the transaction, the chief financial officer now directly owns 268,565 shares of the company’s stock, valued at $7,855,526.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amit Yoran sold 1,533 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $27.83, for a total value of $42,663.39. Following the transaction, the chief executive officer now directly owns 1,375,578 shares in the company, valued at $38,282,335.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,033,137 shares of company stock worth $30,301,743. Corporate insiders own 16.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TENB. Champlain Investment Partners LLC lifted its holdings in Tenable by 67.8% in the fourth quarter. Champlain Investment Partners LLC now owns 3,888,080 shares of the company’s stock valued at $93,158,000 after acquiring an additional 1,570,435 shares during the period. Mackenzie Financial Corp lifted its holdings in Tenable by 28.8% in the first quarter. Mackenzie Financial Corp now owns 4,293,583 shares of the company’s stock valued at $93,858,000 after acquiring an additional 960,650 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in Tenable by 178.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,063,459 shares of the company’s stock valued at $25,479,000 after acquiring an additional 681,852 shares during the period. Sylebra Capital Ltd lifted its holdings in Tenable by 19.2% in the fourth quarter. Sylebra Capital Ltd now owns 3,255,354 shares of the company’s stock valued at $77,998,000 after acquiring an additional 523,562 shares during the period. Finally, FMR LLC lifted its holdings in Tenable by 336.7% in the first quarter. FMR LLC now owns 678,769 shares of the company’s stock valued at $21,489,000 after acquiring an additional 523,335 shares during the period. 69.98% of the stock is currently owned by institutional investors.

TENB stock traded down $0.54 during midday trading on Thursday, hitting $29.16. The stock had a trading volume of 626,900 shares, compared to its average volume of 761,662. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -28.31 and a beta of 1.89. The business has a 50-day moving average of $29.75 and a two-hundred day moving average of $25.72. Tenable has a 52-week low of $16.28 and a 52-week high of $32.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 1.11.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.10. The company had revenue of $102.60 million for the quarter, compared to analysts’ expectations of $100.07 million. Tenable had a negative return on equity of 76.21% and a negative net margin of 26.68%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.13) earnings per share. Research analysts predict that Tenable will post -0.85 earnings per share for the current year.

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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