Tenable Holdings, Inc. (NASDAQ:TENB – Get Free Report)’s share price gapped down before the market opened on Thursday after Needham & Company LLC lowered their price target on the stock from $62.00 to $50.00. The stock had previously closed at $45.92, but opened at $35.68. Needham & Company LLC currently has a buy rating on the stock. Tenable shares last traded at $39.10, with a volume of 445,126 shares changing hands.
Other research analysts have also recently issued research reports about the company. Stifel Nicolaus dropped their price target on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. Barclays reduced their target price on Tenable from $57.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday. Susquehanna reduced their price objective on shares of Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research note on Thursday. Scotiabank dropped their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and cut their price target for the company from $56.00 to $40.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.
Insider Buying and Selling at Tenable
In other Tenable news, Director Yoran Amit 70,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Mark C. Thurmond 4,700 shares of Tenable stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Yoran Amit 70,000 shares of the stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold 24,132 shares of company stock worth $1,049,183 over the last ninety days. Company insiders own 4.30% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TENB. Corient Private Wealth LLC grew its stake in shares of Tenable by 16.7% in the 4th quarter. Corient Private Wealth LLC now owns 77,383 shares of the company’s stock valued at $3,564,000 after purchasing an additional 11,088 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Tenable by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 981,899 shares of the company’s stock valued at $45,226,000 after acquiring an additional 26,496 shares during the last quarter. Vanderbilt University boosted its holdings in shares of Tenable by 51.4% in the 4th quarter. Vanderbilt University now owns 65,313 shares of the company’s stock worth $3,008,000 after acquiring an additional 22,187 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in Tenable during the 1st quarter worth approximately $1,239,000. Finally, Mutual of America Capital Management LLC increased its holdings in Tenable by 39.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after purchasing an additional 23,385 shares in the last quarter. 89.06% of the stock is owned by institutional investors.
Tenable Price Performance
The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of -73.24 and a beta of 0.86. The stock has a fifty day moving average of $42.45 and a two-hundred day moving average of $45.52.
Tenable (NASDAQ:TENB – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The business had revenue of $215.96 million during the quarter, compared to analysts’ expectations of $213.56 million. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post -0.14 earnings per share for the current year.
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.