Tenable (TENB) to Release Quarterly Earnings on Tuesday

Tenable (NASDAQ:TENB) is anticipated to release its earnings data before the market opens on Tuesday, February 4th. Analysts expect Tenable to post earnings of $0.34 per share and revenue of $231,807.06 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Tenable Trading Up 1.8 %

Shares of TENB stock opened at $44.19 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a 12-month low of $35.25 and a 12-month high of $53.50. The stock has a market capitalization of $5.31 billion, a P/E ratio of -86.65 and a beta of 0.85. The firm’s 50 day moving average is $41.25 and its 200 day moving average is $41.37.

Insider Activity

In other news, COO Mark C. Thurmond sold 2,209 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $89,950.48. Following the completion of the transaction, the chief operating officer now owns 35,480 shares in the company, valued at $1,444,745.60. This trade represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Amit Yoran sold 5,293 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now owns 51,691 shares in the company, valued at $2,209,273.34. This represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,463 shares of company stock worth $894,042 over the last quarter. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Scotiabank upped their price target on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Finally, Barclays dropped their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.25.

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.