Tenable (NASDAQ:TENB) Rating Reiterated by Needham & Company LLC

Tenable (NASDAQ:TENBGet Free Report)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $62.00 price objective on the stock. Needham & Company LLC’s price target would suggest a potential upside of 26.58% from the stock’s previous close.

TENB has been the subject of a number of other research reports. Stephens increased their target price on Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Morgan Stanley upgraded Tenable from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $46.00 to $60.00 in a report on Tuesday, January 9th. Westpark Capital upgraded Tenable from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Friday, January 12th. Susquehanna lifted their price objective on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company upped their target price on Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and an average target price of $56.63.

Read Our Latest Report on TENB

Tenable Stock Performance

Shares of TENB stock opened at $48.98 on Tuesday. Tenable has a 12-month low of $33.85 and a 12-month high of $53.50. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of -72.03 and a beta of 0.94. The business has a 50 day simple moving average of $47.89 and a 200 day simple moving average of $44.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19.

Tenable (NASDAQ:TENBGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. The firm had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. On average, equities research analysts anticipate that Tenable will post -0.12 EPS for the current year.

Insider Activity

In other Tenable news, CFO Stephen A. Vintz sold 200,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $46.93, for a total value of $9,386,000.00. Following the sale, the chief financial officer now directly owns 257,256 shares in the company, valued at $12,073,024.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Stephen A. Vintz sold 5,216 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total transaction of $241,083.52. Following the sale, the chief financial officer now owns 238,593 shares in the company, valued at $11,027,768.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 200,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $46.93, for a total value of $9,386,000.00. Following the sale, the chief financial officer now owns 257,256 shares in the company, valued at approximately $12,073,024.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,768 shares of company stock worth $14,415,285. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Tenable

Large investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust bought a new position in shares of Tenable in the 1st quarter valued at about $25,000. NBC Securities Inc. bought a new stake in shares of Tenable during the third quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in shares of Tenable during the fourth quarter worth approximately $35,000. Captrust Financial Advisors raised its stake in shares of Tenable by 81.0% during the second quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock worth $36,000 after buying an additional 354 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Tenable during the fourth quarter worth approximately $111,000. Institutional investors own 88.13% of the company’s stock.

About Tenable

(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 Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.

Further Reading

Analyst Recommendations for Tenable (NASDAQ:TENB)

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