Tenable (NASDAQ:TENB) Now Covered by Robert W. Baird

Equities research analysts at Robert W. Baird began coverage on shares of Tenable (NASDAQ:TENB) in a research note issued to investors on Monday, MarketBeat reports. The firm set an “outperform” rating and a $55.00 price target on the stock. Robert W. Baird’s price objective would suggest a potential upside of 19.85% from the company’s previous close.

Several other research analysts have also issued reports on TENB. Needham & Company LLC restated a “buy” rating and set a $62.00 target price on shares of Tenable in a research report on Friday, June 14th. Scotiabank started coverage on Tenable in a report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Tenable in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tenable currently has an average rating of “Moderate Buy” and a consensus price target of $57.40.

Tenable Stock Up 2.3 %

Shares of NASDAQ:TENB opened at $45.89 on Monday. Tenable has a 1 year low of $33.85 and a 1 year high of $53.50. The business has a 50 day simple moving average of $42.50 and a two-hundred day simple moving average of $45.58. The firm has a market capitalization of $5.45 billion, a PE ratio of -79.12 and a beta of 0.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.23.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $213.56 million. On average, equities analysts predict that Tenable will post -0.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO Amit Yoran sold 4,851 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $43.76, for a total value of $212,279.76. Following the completion of the transaction, the chief executive officer now owns 361,457 shares of the company’s stock, valued at $15,817,358.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Mark C. Thurmond sold 949 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total transaction of $41,727.53. Following the transaction, the chief operating officer now directly owns 32,906 shares of the company’s stock, valued at $1,446,876.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Amit Yoran sold 4,851 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $43.76, for a total value of $212,279.76. Following the completion of the transaction, the chief executive officer now directly owns 361,457 shares in the company, valued at $15,817,358.32. The disclosure for this sale can be found here. Insiders sold 24,132 shares of company stock valued at $1,049,183 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Several hedge funds have recently made changes to their positions in TENB. Principal Securities Inc. acquired a new position in shares of Tenable in the 4th quarter valued at $35,000. Fidelis Capital Partners LLC acquired a new position in shares of Tenable in the 1st quarter valued at $58,000. SG Americas Securities LLC acquired a new position in shares of Tenable in the 4th quarter valued at $127,000. Verity & Verity LLC purchased a new stake in Tenable in the first quarter valued at $127,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Company Profile

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.