Tenable (NASDAQ:TENB) had its price target lifted by Wedbush from $35.00 to $40.00 in a research report report published on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.
Several other research analysts have also issued reports on TENB. Morgan Stanley upped their target price on Tenable from $30.00 to $33.00 and gave the company an overweight rating in a research report on Wednesday, May 13th. BidaskClub upgraded Tenable from a hold rating to a buy rating in a research note on Wednesday, July 22nd. Monness Crespi & Hardt boosted their price target on Tenable from $30.00 to $35.00 and gave the company a buy rating in a research note on Thursday, June 11th. Zacks Investment Research downgraded Tenable from a buy rating to a hold rating in a research note on Tuesday, June 30th. Finally, SunTrust Banks upgraded Tenable from a hold rating to a buy rating and boosted their price target for the company from $25.00 to $40.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Tenable currently has a consensus rating of Buy and an average target price of $36.00.
Shares of NASDAQ:TENB opened at $33.93 on Wednesday. The business’s 50-day moving average is $30.25 and its 200 day moving average is $26.72. Tenable has a 1 year low of $16.28 and a 1 year high of $36.51. The firm has a market capitalization of $3.43 billion, a P/E ratio of -36.88 and a beta of 1.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 1.11.
Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, July 28th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.25. Tenable had a negative return on equity of 68.92% and a negative net margin of 22.79%. The company had revenue of $107.21 million for the quarter, compared to analyst estimates of $102.23 million. During the same period in the prior year, the company posted ($0.10) EPS. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, analysts expect that Tenable will post -0.57 EPS for the current year.
In other Tenable news, CFO Stephen A. Vintz sold 89,300 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $29.25, for a total transaction of $2,612,025.00. Following the transaction, the chief financial officer now owns 268,565 shares in the company, valued at $7,855,526.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 60,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $34.55, for a total value of $2,073,000.00. Following the transaction, the chief executive officer now owns 1,288,271 shares in the company, valued at approximately $44,509,763.05. The disclosure for this sale can be found here. Insiders sold 2,048,426 shares of company stock worth $62,581,158 in the last 90 days. Company insiders own 16.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of TENB. Mackenzie Financial Corp boosted its position in Tenable by 28.8% during the first quarter. Mackenzie Financial Corp now owns 4,293,583 shares of the company’s stock worth $93,858,000 after purchasing an additional 960,650 shares in the last quarter. FMR LLC boosted its position in Tenable by 336.7% during the first quarter. FMR LLC now owns 678,769 shares of the company’s stock worth $21,489,000 after purchasing an additional 523,335 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Tenable by 582.8% during the second quarter. Assenagon Asset Management S.A. now owns 331,414 shares of the company’s stock worth $9,879,000 after purchasing an additional 282,874 shares in the last quarter. Champlain Investment Partners LLC boosted its position in Tenable by 6.8% during the first quarter. Champlain Investment Partners LLC now owns 4,152,475 shares of the company’s stock worth $90,773,000 after purchasing an additional 264,395 shares in the last quarter. Finally, Diker Management LLC purchased a new position in Tenable during the first quarter worth approximately $5,326,000. Institutional investors own 69.96% of the company’s stock.
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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