Tenable Holdings Inc (TENB) Receives $38.00 Average Price Target from Analysts
Shares of Tenable Holdings Inc (NASDAQ:TENB) have received an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $38.00.
A number of equities analysts have recently weighed in on TENB shares. Stifel Nicolaus started coverage on Tenable in a report on Monday, August 20th. They set a “buy” rating and a $43.00 price target for the company. BTIG Research started coverage on Tenable in a report on Monday, August 20th. They set a “buy” rating and a $41.00 price target for the company. Deutsche Bank started coverage on Tenable in a report on Monday, August 20th. They set a “buy” rating for the company. Morgan Stanley increased their price target on Tenable from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, September 6th. Finally, JPMorgan Chase & Co. started coverage on Tenable in a report on Monday, August 20th. They set a “neutral” rating and a $36.00 price target for the company.
In other news, Director Kimberly Hammonds bought 21,739 shares of the stock in a transaction that occurred on Monday, July 30th. The stock was bought at an average cost of $23.00 per share, for a total transaction of $499,997.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, September 5th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.07). The firm had revenue of $63.59 million during the quarter, compared to analyst estimates of $62.78 million. As a group, equities analysts expect that Tenable will post -0.97 earnings per share for the current year.
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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