Tenable (NASDAQ:TENB) Given Equal Weight Rating at Morgan Stanley

Tenable (NASDAQ:TENB)‘s stock had its “equal weight” rating restated by equities research analysts at Morgan Stanley in a report released on Monday,Benzinga reports. They currently have a $47.00 price objective on the stock, down from their previous price objective of $50.00. Morgan Stanley’s price objective suggests a potential upside of 11.96% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research report on Tuesday, October 29th. Barclays decreased their price objective on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Piper Sandler decreased their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Jefferies Financial Group initiated coverage on shares of Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $41.98 on Monday. 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 market cap of $5.04 billion, a price-to-earnings ratio of -82.31 and a beta of 0.83. The firm has a fifty day moving average price of $41.24 and a 200 day moving average price of $41.63. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Amit Yoran sold 5,293 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares in the company, valued at approximately $2,209,273.34. This represents a 9.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mark C. Thurmond sold 2,209 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $89,950.48. Following the transaction, the chief operating officer now owns 35,480 shares in the company, valued at approximately $1,444,745.60. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,654 shares of company stock valued at $862,879 in the last three months. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Tenable

Large investors have recently bought and sold shares of the business. FMR LLC boosted its position in Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after acquiring an additional 305,334 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after purchasing an additional 471,126 shares during the last quarter. RGM Capital LLC boosted its position in Tenable by 4.5% during 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 stake in 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 raised its holdings in Tenable by 1.2% in the third 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. Institutional investors own 89.06% of the company’s stock.

Tenable 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 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.