Shares of Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) have been given a consensus rating of “Buy” by the sixteen brokerages that cover the stock, reports MarketBeat.com. One analyst rated the stock with a sell recommendation and eleven gave the company a buy recommendation. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $67.62.

A number of research analysts have published reports on TENB shares. Wolfe Research began covering Tenable shares in a research note on Monday, April 11. They set an “outperform” rating and a target price of $70.00 for the company. Piper Sandler raised her target price on Tenable shares from $65.00 to $72.00 in a Thursday, January 6 research note. Stifel Nicolaus raised his target price on Tenable shares from $63.00 to $66.00 in a research note on Wednesday. Wedbush reissued a “buy” rating and set a target price of $70.00 on Tenable shares in a Wednesday, Feb. 2 research note. Finally, Canaccord Genuity Group raised its price target on Tenable shares from $62.00 to $75.00 and gave the stock a “buy” rating in a Thursday, April 21 research note. .

NASDAQ:TENB shares opened at $55.23 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt ratio of 1.69. Tenable has a fifty-two week low of $35.53 and a fifty-two week high of $63.61. The company has a 50-day simple moving average of $55.94 and a 200-day simple moving average of $52.79. The company has a market capitalization of $6.09 billion, a PE ratio of -95.22 and a beta of 1.60.

Tenable (NASDAQ:TENB – Get Rating) last reported results on Tuesday, April 26. The company reported earnings per share (EPS) of $0.06 for the quarter, beating analyst consensus estimates of ($0.15) by $0.21. Tenable had a negative net margin of 10.99% and a negative return on equity of 28.71%. In the same quarter last year, the company posted ($0.03) earnings per share. As a group, research analysts expect Tenable to post 0.56 EPS for the current fiscal year.

Separately, General Counsel Stephen A. Riddick sold 6,223 shares of the company in a transaction that took place on Friday, February 18. The shares were sold at an average price of $45.76, for a total transaction of $284,764.48. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, CEO Amit Yoran sold 35,000 shares of the company in a transaction that took place on Monday, April 18. The shares were sold at an average price of $59.46, for a total transaction of $2,081,100.00. As a result of the sale, the CEO now owns 180,245 shares of the company, valued at approximately $10,717,367.70. The disclosure of this sale can be found here. In the past three months, insiders have sold 277,646 shares of the company valued at $15,782,827. Insiders of the company hold 8.40% of the shares of the company.

Hedge funds have recently increased or reduced their stakes in the company. Davy Global Fund Management Ltd increased its stake in Tenable by 25.1% in Q1. Davy Global Fund Management Ltd now owns 41,795 shares of the company valued at $2,415,000 after purchasing an additional 8,382 shares during the period. Comerica Bank acquired a new position in Tenable in Q1 worth approximately $7,486,000. Chartwell Investment Partners LLC increased its stake in Tenable by 4.4% in Q1. Chartwell Investment Partners LLC now owns 36,151 shares of the company valued at $2,089,000 after purchasing an additional 1,513 shares during the period. Ieq Capital LLC increased its stake in Tenable by 2.0% in Q1. Ieq Capital LLC now owns 346,672 shares of the company valued at $20,034,000 after purchasing an additional 6,921 shares during the period. Finally, Zweig DiMenna Associates LLC increased its stake in Tenable by 50.0% in the 1st quarter. Zweig DiMenna Associates LLC now owns 50,250 shares of the company valued at $2,904,000 after purchasing an additional 16,750 shares during the period. Institutional investors and hedge funds hold 82.30% of the company’s shares.

About Tenable (Get an assessment)

Tenable Holdings, Inc provides cyber exposure solutions for the Americas, Europe, Middle East, Africa, Asia-Pacific and Japan. Its platforms include Tenable.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which analyzes modern web applications; and Tenable.ep, a unified platform that helps organizations accurately identify, assess and prioritize cyber risks across the entire attack surface.

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