Tenable (NASDAQ:TENB) had its target price boosted by JPMorgan Chase & Co. from $31.00 to $45.00 in a report published on Wednesday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Tenable from a buy rating to a hold rating in a research report on Tuesday, June 30th. BidaskClub raised shares of Tenable from a hold rating to a buy rating in a research report on Wednesday, July 22nd. Cowen dropped their price objective on shares of Tenable from $36.00 to $30.00 and set an outperform rating on the stock in a research report on Tuesday, April 21st. Monness Crespi & Hardt increased their price objective on shares of Tenable from $30.00 to $35.00 and gave the company a buy rating in a research report on Thursday, June 11th. Finally, SunTrust Banks raised shares of Tenable from a hold rating to a buy rating and increased their price objective for the company from $25.00 to $40.00 in a research report on Wednesday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $36.00.
NASDAQ TENB opened at $33.93 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $30.25 and its two-hundred day moving average price 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.
Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.25. The firm had revenue of $107.21 million for the quarter, compared to analyst estimates of $102.23 million. Tenable had a negative net margin of 22.79% and a negative return on equity of 68.92%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) earnings per share. On average, research analysts anticipate that Tenable will post -0.57 EPS for the current fiscal year.
In other Tenable news, CEO Amit Yoran sold 60,000 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $34.55, for a total transaction of $2,073,000.00. Following the sale, the chief executive officer now directly owns 1,288,271 shares in the company, valued at $44,509,763.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur W. Coviello, Jr. sold 38,332 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $35.05, for a total transaction of $1,343,536.60. Following the sale, the director now owns 52,572 shares in the company, valued at $1,842,648.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,048,426 shares of company stock worth $62,581,158. 16.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. grew its stake in Tenable by 1.3% during the first quarter. Baird Financial Group Inc. now owns 33,794 shares of the company’s stock worth $739,000 after buying an additional 434 shares in the last quarter. Wells Fargo & Company MN grew its stake in Tenable by 2.3% during the first quarter. Wells Fargo & Company MN now owns 20,970 shares of the company’s stock worth $458,000 after buying an additional 478 shares in the last quarter. Red Spruce Capital LLC grew its stake in Tenable by 3.5% during the first quarter. Red Spruce Capital LLC now owns 22,150 shares of the company’s stock worth $484,000 after buying an additional 750 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in Tenable during the first quarter worth about $25,000. Finally, UBS Group AG grew its stake in Tenable by 32.8% during the second quarter. UBS Group AG now owns 5,336 shares of the company’s stock worth $159,000 after buying an additional 1,319 shares in the last quarter. Hedge funds and other institutional investors own 69.96% of the company’s stock.
Tenable Company Profile
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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