Tenable (TENB) Research Coverage Started at Summit Insights

Summit Insights began coverage on shares of Tenable (NASDAQ:TENB) in a report published on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.

TENB has been the topic of a number of other research reports. Zacks Investment Research raised Tenable from a hold rating to a buy rating and set a $31.00 price objective on the stock in a research note on Saturday, February 9th. Wedbush reissued a buy rating and set a $38.00 price objective on shares of Tenable in a research note on Wednesday, October 31st. Berenberg Bank began coverage on Tenable in a research note on Thursday, November 29th. They set a buy rating and a $38.00 price objective on the stock. Finally, Morgan Stanley set a $30.00 price objective on Tenable and gave the stock a hold rating in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Tenable has a consensus rating of Buy and a consensus target price of $36.86.

Shares of NASDAQ:TENB opened at $28.71 on Monday. The company has a market capitalization of $2.60 billion and a PE ratio of -21.11. Tenable has a 1 year low of $20.00 and a 1 year high of $39.38.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, February 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $75.22 million during the quarter, compared to analyst estimates of $72.59 million. The business’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) earnings per share. Research analysts predict that Tenable will post -1.11 EPS for the current fiscal year.

In other Tenable news, General Counsel Stephen A. Riddick sold 25,000 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $26.53, for a total transaction of $663,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of Tenable in the 3rd quarter valued at $113,000. Point72 Asset Management L.P. acquired a new position in shares of Tenable in the 3rd quarter valued at $138,000. Strs Ohio acquired a new position in shares of Tenable in the 3rd quarter valued at $139,000. Partner Investment Management L.P. acquired a new position in shares of Tenable in the 3rd quarter valued at $145,000. Finally, Keybank National Association OH acquired a new position in shares of Tenable in the 3rd quarter valued at $307,000. 44.69% of the stock is currently owned by institutional investors.

Tenable Company Profile

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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