Susquehanna Raises Tenable (NASDAQ:TENB) Price Target to $60.00

Tenable (NASDAQ:TENBFree Report) had its target price upped by Susquehanna from $55.00 to $60.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a positive rating on the stock.

A number of other brokerages have also recently issued reports on TENB. Truist Financial increased their price objective on shares of Tenable from $50.00 to $60.00 and gave the company a buy rating in a research note on Wednesday. Stephens increased their price objective on shares of Tenable from $60.00 to $62.00 and gave the company an overweight rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on shares of Tenable from $55.00 to $60.00 and gave the company an overweight rating in a research note on Wednesday. Piper Sandler dropped their price objective on shares of Tenable from $55.00 to $50.00 and set an overweight rating for the company in a research note on Thursday, November 2nd. Finally, Westpark Capital raised shares of Tenable from a hold rating to a buy rating and set a $65.00 target price on the stock in a report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $56.63.

View Our Latest Stock Analysis on Tenable

Tenable Trading Up 1.1 %

Shares of TENB stock opened at $50.72 on Thursday. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of -74.59 and a beta of 0.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a fifty day moving average of $45.56 and a 200-day moving average of $44.23.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 800 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $47.75, for a total transaction of $38,200.00. Following the sale, the chief executive officer now owns 291,532 shares of the company’s stock, valued at approximately $13,920,653. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Amit Yoran sold 800 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $47.75, for a total value of $38,200.00. Following the transaction, the chief executive officer now owns 291,532 shares of the company’s stock, valued at approximately $13,920,653. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 3,976 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $47.34, for a total transaction of $188,223.84. Following the completion of the transaction, the chief operating officer now directly owns 53,500 shares in the company, valued at approximately $2,532,690. The disclosure for this sale can be found here. Insiders have sold a total of 64,833 shares of company stock valued at $2,905,232 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Tenable

A number of hedge funds have recently modified their holdings of TENB. Parkside Financial Bank & Trust acquired a new stake in shares of Tenable in the 1st quarter valued at approximately $25,000. NBC Securities Inc. acquired a new stake in shares of Tenable in the 3rd quarter valued at approximately $27,000. Principal Securities Inc. acquired a new stake in shares of Tenable in the 4th quarter valued at approximately $35,000. Captrust Financial Advisors raised its position in shares of Tenable by 81.0% in the 2nd quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 354 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Tenable in the 2nd quarter valued at approximately $37,000. 88.13% of the stock is currently owned by institutional investors and hedge funds.

Tenable Company Profile

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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 cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.

See Also

Analyst Recommendations for Tenable (NASDAQ:TENB)

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