Brokerages Set Tenable Holdings, Inc. (NASDAQ:TENB) PT at $56.63

Shares of Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $56.63.

TENB has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Wells Fargo & Company lifted their price objective on shares of Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Susquehanna lifted their price objective on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Truist Financial boosted their price target on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Needham & Company LLC boosted their price target on shares of Tenable from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th.

Get Our Latest Stock Report on TENB

Tenable Stock Down 2.4 %

Shares of Tenable stock opened at $50.65 on Friday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of -74.49 and a beta of 0.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.62 and a quick ratio of 1.62. Tenable has a 1 year low of $33.85 and a 1 year high of $53.50. The company has a 50-day moving average of $45.78 and a 200 day moving average of $44.26.

Insider Transactions at Tenable

In related news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the sale, the director now directly owns 2 shares in the company, valued at approximately $101.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tenable news, CFO Stephen A. Vintz sold 2,787 shares of Tenable stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $39.65, for a total value of $110,504.55. Following the completion of the transaction, the chief financial officer now directly owns 220,774 shares of the company’s stock, valued at approximately $8,753,689.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linda Kay Zecher sold 2,600 shares of Tenable stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the transaction, the director now directly owns 2 shares of the company’s stock, valued at $101.50. The disclosure for this sale can be found here. Insiders have sold a total of 67,433 shares of company stock worth $3,037,182 in the last quarter. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Tenable by 2.4% in the third quarter. Vanguard Group Inc. now owns 12,251,265 shares of the company’s stock valued at $548,857,000 after purchasing an additional 285,678 shares during the last quarter. BlackRock Inc. increased its position in Tenable by 3.8% during the 1st quarter. BlackRock Inc. now owns 10,247,170 shares of the company’s stock worth $486,843,000 after purchasing an additional 370,932 shares in the last quarter. RGM Capital LLC increased its position in Tenable by 13.2% during the 2nd quarter. RGM Capital LLC now owns 4,040,154 shares of the company’s stock worth $175,949,000 after purchasing an additional 472,322 shares in the last quarter. Mackenzie Financial Corp increased its position in Tenable by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock worth $139,937,000 after purchasing an additional 16,515 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in Tenable by 36.6% during the 3rd quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock worth $135,668,000 after purchasing an additional 810,831 shares in the last quarter. 88.13% of the stock is owned by institutional investors and hedge funds.

Tenable Company Profile

(Get Free Report

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.

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Analyst Recommendations for Tenable (NASDAQ:TENB)

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