Tenable Holdings, Inc. (NASDAQ:TENB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Tenable Holdings, Inc. (NASDAQ:TENB) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.25.

TENB has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Piper Sandler reduced their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price objective (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Thursday, October 31st.

Tenable Stock Down 2.3 %

Shares of Tenable stock opened at $43.48 on Friday. The stock has a market capitalization of $5.22 billion, a P/E ratio of -85.25 and a beta of 0.85. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average price of $41.37 and a two-hundred day moving average price of $41.39. Tenable has a 12-month low of $35.25 and a 12-month high of $53.50.

Insider Buying and Selling

In other Tenable news, CEO Amit Yoran sold 4,828 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the transaction, the chief executive officer now directly owns 45,171 shares in the company, valued at $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raymond Jr. Vicks sold 809 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the transaction, the director now owns 8,659 shares of the company’s stock, valued at $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,463 shares of company stock valued at $894,042 over the last ninety days. 4.30% of the stock is owned by company insiders.

Institutional Trading of Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in TENB. Readystate Asset Management LP acquired a new stake in shares of Tenable in the third quarter valued at $24,660,000. Mackenzie Financial Corp increased its stake in shares of Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Tenable in the fourth quarter valued at $15,653,000. FMR LLC increased its stake in shares of Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Tenable by 28.0% in the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock valued at $37,294,000 after buying an additional 201,366 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

About Tenable

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.