The stock of Tenable Holdings Inc. (NASDAQ:TENB) last traded at $44.58, down -1.13% from the previous session.
TENB stock price is now 8.94% away from the 50-day moving average and 8.36% away from the 200-day moving average. The market capitalization of the company currently stands at $5.01B.
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With the price target of $44, JP Morgan recently initiated with Neutral rating for Tenable Holdings Inc. (NASDAQ: TENB). On January 12, 2023, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $47 to quote $44, while ‘Berenberg’ rates the stock as ‘Hold’.
In other news, Yoran Amit, President, CEO and Chairman sold 5,591 shares of the company’s stock on Feb 28. The stock was sold for $246,843 at an average price of $44.15. Upon completion of the transaction, the President, CEO and Chairman now directly owns 204,257 shares in the company, valued at $9.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, Chief Financial Officer Vintz Stephen A sold 3,363 shares of the business’s stock. A total of $148,476 was realized by selling the stock at an average price of $44.15. This leaves the insider owning 193,724 shares of the company worth $8.64 million. Insiders disposed of 446,361 shares of company stock worth roughly $19.9 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TENB stock. A new stake in Tenable Holdings Inc. shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $10,425,000. FULLER & THALER ASSET MANAGEMENT, INC. invested $10,260,000 in shares of TENB during the first quarter. In the first quarter, VISTA EQUITY PARTNERS MANAGEMENT, LLC acquired a new stake in Tenable Holdings Inc. valued at approximately $6,999,000. ADAGE CAPITAL PARTNERS GP, L.L.C. acquired a new stake in TENB for approximately $4,458,000. WALLEYE CAPITAL LLC purchased a new stake in TENB valued at around $3,387,000 in the second quarter. In total, there are 407 active investors with 91.50% ownership of the company’s stock.
With an opening price of $45.06 on Tuesday morning, Tenable Holdings Inc. (NASDAQ: TENB) set off the trading day. During the past 12 months, Tenable Holdings Inc. has had a low of $28.80 and a high of $63.61. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for TENB is $40.92 and a two-hundred day moving average price translates $41.14 for the stock.
The latest earnings results from Tenable Holdings Inc. (NASDAQ: TENB) was released for Dec, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.12, beating analysts’ expectations of $0.07 by 0.05. This compares to -$0.10 EPS in the same period last year. The net profit margin was -13.50% and return on equity was -37.10% for TENB. The company reported revenue of $184.63 million for the quarter, compared to $149.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.9 percent. For the current quarter, analysts expect TENB to generate $186.95M in revenue.
Tenable Holdings Inc.(TENB) 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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface. The company also offers Tenable.ad, a solution to secure Active Directory environments; Tenable.ot, an on-premises solution that provides threat detection and mitigation, asset tracking, vulnerability management, and configuration control capabilities to protect OT environments, including industrial networks; Tenable.sc, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture. In addition, it provides Nessus Professional, a vulnerability assessment solution for identifying security vulnerabilities, configuration issues, and malware; and Nessus Essentials, which includes vulnerability and configuration assessment for a limited number of assets. The company was founded in 2002 and is headquartered in Columbia, Maryland.
