Several analysts have recently assessed Tenable’s stock. Wells Fargo lowered its target price from $60 to $50 and maintained an “overweight” rating. DA Davidson changed its rating from “buy” to “neutral,” cutting the target to $40. Susquehanna adjusted its target from $60 to $48, giving a “positive” rating. Scotiabank revised its price target down to $44 with a “sector perform” rating. Truist Financial reaffirmed its “buy” rating but lowered its target from $60 to $55. Overall, 5 analysts rated it as hold, 11 as buy, and 1 as strong buy, with a consensus rating of “Moderate Buy” and a target price of $52.19.
Read Our Latest Stock Report on TENB
Tenable Stock Performance
Tenable (NASDAQ:TENB) opened at $42.34. The stock has a 12-month low of $33.85 and a high of $53.50, with a market cap of $5.04 billion and a P/E ratio of -75.60. Its current and quick ratios are both 1.21, and its debt-to-equity ratio is 0.98. The 50-day moving average is $40.87, while the 200-day average is $42.75. On July 31, Tenable reported a quarterly loss of ($0.05) EPS, beating expectations of ($0.08). Revenue was $221.24 million, above the estimate of $218.41 million. Analysts expect an EPS of -0.06 for the current fiscal year.
Insider Activity at Tenable
Recently, CEO Amit Yoran sold 5,673 shares at $41.75, totaling $236,847.75. He now owns 39,309 shares valued at $1,641,150.75. COO Mark C. Thurmond sold 3,383 shares at $41.66, worth $140,935.78, retaining 34,079 shares valued at about $1,419,731.14. In the last quarter, insiders sold 52,469 shares totaling $2,429,076 and hold 4.30% of the company.
Institutional Trading of Tenable
Fisher Asset Management increased its stake by 18.7%, owning 347,236 shares now valued at $15,994,000. Vanguard Group raised its holdings by 2.1% to 12,510,817 shares worth $576,248,000. Other investors such as Los Angeles Capital Management and Fulton Bank also increased their positions. Institutional investors own 89.06% of Tenable’s stock.
About Tenable
Tenable Holdings, Inc provides cybersecurity solutions globally, including vulnerability management, cloud security, and operational technology security.
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