Shares of Tufin Software Technologies Ltd (NYSE:TUFN) traded down 9.7% on Tuesday . The company traded as low as $16.30 and last traded at $17.23, 778,382 shares traded hands during trading. An increase of 154% from the average session volume of 306,195 shares. The stock had previously closed at $19.09.
Several brokerages have recently issued reports on TUFN. Zacks Investment Research raised Tufin Software Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd. DA Davidson assumed coverage on Tufin Software Technologies in a research report on Wednesday, November 27th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $29.57.
The company’s fifty day moving average is $17.33 and its two-hundred day moving average is $20.03.
Tufin Software Technologies (NYSE:TUFN) last released its earnings results on Thursday, November 14th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. The firm had revenue of $25.60 million during the quarter, compared to analyst estimates of $25.16 million. Tufin Software Technologies had a negative net margin of 17.72% and a negative return on equity of 54.40%. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. Equities research analysts forecast that Tufin Software Technologies Ltd will post -0.8 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Barclays PLC acquired a new stake in shares of Tufin Software Technologies during the third quarter worth $25,000. Optimus Prime Fund Management Co. Ltd. bought a new stake in shares of Tufin Software Technologies in the 2nd quarter valued at about $26,000. Tower Research Capital LLC TRC bought a new stake in shares of Tufin Software Technologies in the 2nd quarter valued at about $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Tufin Software Technologies in the 3rd quarter valued at about $143,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Tufin Software Technologies in the 2nd quarter valued at approximately $176,000. Institutional investors and hedge funds own 27.34% of the company’s stock.
Tufin Software Technologies Company Profile (NYSE:TUFN)
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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