In yesterday’s Wall Street session, Tenable Holdings Inc. (NASDAQ:TENB) shares traded at $47.22, down -2.11% from the previous session.
18 analysts cover Tenable Holdings Inc. (NASDAQ:TENB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $45.40, we find $55.00. Given the previous closing price of $48.24, this indicates a potential upside of 14.01 percent. TENB stock price is now 14.15% away from the 50-day moving average and 17.10% away from the 200-day moving average. The market capitalization of the company currently stands at $5.28B.
The stock has received a hold rating from 5 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $53.49 as their price target over the next twelve months.
With the price target of $52, UBS recently initiated with Buy rating for Tenable Holdings Inc. (NASDAQ: TENB).
In other news, Zecher Linda Kay, Director sold 2,600 shares of the company’s stock on Jun 05. The stock was sold for $105,456 at an average price of $40.56. Upon completion of the transaction, the Director now directly owns 4,046 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Director Vicks Raymond Jr. sold 1,496 shares of the business’s stock. A total of $57,925 was realized by selling the stock at an average price of $38.72. This leaves the insider owning 4,245 shares of the company worth $0.2 million. Insiders disposed of 254,039 shares of company stock worth roughly $12.0 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 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC during the first quarter worth $86,092,000. STEPHENS INVESTMENT MANAGEMENT GROUP LLC invested $33,919,000 in shares of TENB during the first quarter. In the first quarter, HONEYCOMB ASSET MANAGEMENT LP acquired a new stake in Tenable Holdings Inc. valued at approximately $21,249,000. LISANTI CAPITAL GROWTH, LLC acquired a new stake in TENB for approximately $4,642,000. CASTLEARK MANAGEMENT LLC purchased a new stake in TENB valued at around $4,608,000 in the second quarter. In total, there are 389 active investors with 91.50% ownership of the company’s stock.
On Thursday morning Tenable Holdings Inc. (NASDAQ: TENB) stock kicked off with the opening price of $49.02. During the past 12 months, Tenable Holdings Inc. has had a low of $28.80 and a high of $49.49. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for TENB is $41.55 and a two-hundred day moving average price translates $40.39 for the stock.
The latest earnings results from Tenable Holdings Inc. (NASDAQ: TENB) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.13 by 0.09. This compares to -$0.22 EPS in the same period last year. The net profit margin was -13.00% and return on equity was -35.00% for TENB. The company reported revenue of $188.84 million for the quarter, compared to $159.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.49 percent. For the current quarter, analysts expect TENB to generate $198.35M 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 cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution. The company also offers Tenable.ad, a solution to secure Active Directory environments; Tenable.ot, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities; 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, a vulnerability assessment solution for cybersecurity industry and enterprise platform; and Nessus Expert, that enables users to programmatically detect cloud infrastructure misconfigurations and vulnerabilities in the design and build phase. Tenable Holdings, Inc. was founded in 2002 and is headquartered in Columbia, Maryland.
