Tenable (TENB) Reaches New 52-Week High at $38.99

Tenable Holdings Inc (NASDAQ:TENB) shares reached a new 52-week high on Thursday . The company traded as high as $38.99 and last traded at $38.30, with a volume of 4851 shares trading hands. The stock had previously closed at $38.80.

A number of research firms have recently weighed in on TENB. Stifel Nicolaus began coverage on Tenable in a research note on Monday, August 20th. They issued a “buy” rating and a $43.00 price target on the stock. Morgan Stanley began coverage on Tenable in a research note on Monday, August 20th. They issued a “weight” rating and a $31.00 price target on the stock. William Blair began coverage on Tenable in a research note on Monday, August 20th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. began coverage on Tenable in a research note on Monday, August 20th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, Deutsche Bank began coverage on Tenable in a research note on Monday, August 20th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tenable presently has an average rating of “Buy” and a consensus price target of $38.00.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, September 5th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.07). The company had revenue of $63.59 million during the quarter, compared to analyst estimates of $62.78 million. analysts predict that Tenable Holdings Inc will post -0.97 earnings per share for the current fiscal year.

In other Tenable news, Director Kimberly Hammonds acquired 21,739 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were acquired at an average price of $23.00 per share, with a total value of $499,997.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

About Tenable (NASDAQ:TENB)

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

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