Tenable (NASDAQ:TENB) Price Target Raised to $45.00 at Jefferies Financial Group

Tenable (NASDAQ:TENB) had its price objective upped by analysts at Jefferies Financial Group from $40.00 to $45.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 11.00% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Piper Sandler dropped their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Morgan Stanley reissued an “equal weight” rating and set a $47.00 target price (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Barclays lowered their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.63.

Tenable Stock Up 1.4 %

TENB stock traded up $0.54 during mid-day trading on Thursday, reaching $40.54. The company had a trading volume of 231,554 shares, compared to its average volume of 919,146. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of -79.49 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day simple moving average of $41.72 and a 200 day simple moving average of $41.56.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 4,828 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen A. Vintz sold 2,801 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the sale, the chief financial officer now directly owns 281,536 shares in the company, valued at $11,464,145.92. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,654 shares of company stock worth $862,879. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares in the last quarter. Mackenzie Financial Corp raised its position in Tenable by 12.7% during the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after acquiring an additional 471,126 shares during the last quarter. RGM Capital LLC lifted its holdings in shares of Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock valued at $154,240,000 after purchasing an additional 153,127 shares in the last quarter. State Street Corp grew its position in shares of Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after purchasing an additional 33,303 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

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.