BidaskClub upgraded shares of Tenable (NASDAQ:TENB) from a buy rating to a strong-buy rating in a research report released on Saturday morning, BidAskClub reports.

A number of other brokerages also recently weighed in on TENB. Cowen decreased their price objective on shares of Tenable from $36.00 to $30.00 and set an outperform rating for the company in a research report on Tuesday, April 21st. Morgan Stanley upped their price target on shares of Tenable from $30.00 to $33.00 and gave the stock an overweight rating in a research report on Wednesday, May 13th. Zacks Investment Research upgraded shares of Tenable from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Saturday, May 2nd. Goldman Sachs Group started coverage on shares of Tenable in a research report on Tuesday, March 24th. They set a buy rating and a $29.00 price target for the company. Finally, Monness Crespi & Hardt upped their price target on shares of Tenable from $30.00 to $35.00 and gave the stock a buy rating in a research report on Thursday, June 11th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $33.00.

Shares of Tenable stock opened at $29.16 on Friday. The firm has a 50-day simple moving average of $29.78 and a two-hundred day simple moving average of $25.75. The company has a market cap of $2.97 billion, a P/E ratio of -28.31 and a beta of 1.89. Tenable has a fifty-two week low of $16.28 and a fifty-two week high of $32.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.11 and a current ratio of 1.11.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. The business had revenue of $102.60 million during the quarter, compared to the consensus estimate of $100.07 million. Tenable had a negative net margin of 26.68% and a negative return on equity of 76.21%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Equities research analysts forecast that Tenable will post -0.85 EPS for the current year.

In other news, CEO Amit Yoran sold 900 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $30.19, for a total value of $27,171.00. Following the completion of the sale, the chief executive officer now owns 1,349,471 shares of the company’s stock, valued at approximately $40,740,529.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Insight Holdings Group, Llc sold 633,599 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $29.19, for a total transaction of $18,494,754.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,033,137 shares of company stock valued at $30,301,743. 16.40% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Tenable by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 582,151 shares of the company’s stock valued at $13,948,000 after buying an additional 23,465 shares during the period. Chicago Equity Partners LLC grew its stake in shares of Tenable by 59.1% in the 1st quarter. Chicago Equity Partners LLC now owns 26,870 shares of the company’s stock valued at $587,000 after buying an additional 9,980 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Tenable by 25.6% in the 1st quarter. Russell Investments Group Ltd. now owns 123,874 shares of the company’s stock valued at $2,708,000 after buying an additional 25,214 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Tenable by 16.0% in the 1st quarter. Bank of New York Mellon Corp now owns 176,145 shares of the company’s stock valued at $3,851,000 after buying an additional 24,297 shares during the period. Finally, State Street Corp grew its stake in shares of Tenable by 3.0% in the 1st quarter. State Street Corp now owns 859,775 shares of the company’s stock valued at $18,795,000 after buying an additional 25,443 shares during the period. 69.98% of the stock is owned by institutional investors and hedge funds.

About Tenable

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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