Tenable (NASDAQ:TENB – Get Rating) had its price target cut by The Goldman Sachs Group from $71.00 to $61.00 in a research note issued to investors on Tuesday. They currently have a buy rating on the stock.
TENB has been the subject of a number of other research reports. BTIG Research reduced their target price on shares of Tenable from $73.00 to $58.00 and set an outperform rating for the company in a research report on Wednesday, July 27th. Wells Fargo & Company dropped their price target on Tenable from $57.00 to $50.00 and set an overweight rating for the company in a research note on Wednesday, July 27th. Piper Sandler dropped their price target on Tenable from $72.00 to $65.00 in a research note on Wednesday, July 13th. Canaccord Genuity Group dropped their price target on Tenable from $65.00 to $56.00 in a research note on Wednesday, July 27th. Finally, Barclays dropped their price target on Tenable from $58.00 to $45.00 and set an overweight rating for the company in a research note on Wednesday, July 27th. Sixteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $56.87.
Tenable Trading Up 1.9 %
Shares of Tenable stock opened at $38.94 on Tuesday. The firm has a 50-day moving average of $47.34 and a 200-day moving average of $50.73. The stock has a market cap of $4.31 billion, a PE ratio of -54.08 and a beta of 1.35. Tenable has a 52-week low of $36.67 and a 52-week high of $63.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.56 and a current ratio of 1.56.
Institutional Trading of Tenable
Several institutional investors have recently added to or reduced their stakes in TENB. Parkside Financial Bank & Trust bought a new position in shares of Tenable during the 1st quarter worth approximately $25,000. KRS Capital Management LLC bought a new position in shares of Tenable during the 4th quarter worth approximately $33,000. Evoke Wealth LLC boosted its holdings in shares of Tenable by 1,220.3% during the 4th quarter. Evoke Wealth LLC now owns 779 shares of the company’s stock worth $43,000 after buying an additional 720 shares in the last quarter. Exane Derivatives bought a new position in shares of Tenable during the 1st quarter worth approximately $72,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Tenable during the 4th quarter worth approximately $80,000. 83.39% 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.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 provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.
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