Tufin Software Technologies Ltd. (NYSE:TUFN) Receives $12.83 Average PT from Analysts


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Tufin Software Technologies Ltd. (NYSE:TUFN) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.83.

Several research firms have recently commented on TUFN. Oppenheimer restated a “buy” rating and issued a $15.00 price objective on shares of Tufin Software Technologies in a research note on Tuesday, December 15th. Piper Sandler increased their price target on Tufin Software Technologies from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 5th. Finally, Barclays reiterated a “hold” rating and issued a $18.00 price target on shares of Tufin Software Technologies in a research note on Sunday, February 14th.

NYSE:TUFN opened at $10.40 on Monday. The firm has a market capitalization of $337.38 million, a price-to-earnings ratio of -9.63 and a beta of 1.94. Tufin Software Technologies has a one year low of $6.34 and a one year high of $20.11. The business has a fifty day moving average price of $11.61 and a 200-day moving average price of $11.15.

Tufin Software Technologies (NYSE:TUFN) last posted its quarterly earnings data on Thursday, February 11th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.05. The firm had revenue of $31.00 million during the quarter, compared to analyst estimates of $29.78 million. Tufin Software Technologies had a negative return on equity of 44.38% and a negative net margin of 38.14%. Tufin Software Technologies’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) EPS. Research analysts anticipate that Tufin Software Technologies will post -1.04 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Walleye Trading LLC lifted its holdings in shares of Tufin Software Technologies by 57.2% in the 4th quarter. Walleye Trading LLC now owns 17,541 shares of the company’s stock valued at $219,000 after acquiring an additional 6,385 shares during the last quarter. Walleye Capital LLC lifted its holdings in shares of Tufin Software Technologies by 88.4% in the 4th quarter. Walleye Capital LLC now owns 47,820 shares of the company’s stock valued at $597,000 after acquiring an additional 22,444 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Tufin Software Technologies by 55.5% in the 4th quarter. Squarepoint Ops LLC now owns 38,090 shares of the company’s stock valued at $475,000 after acquiring an additional 13,594 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Tufin Software Technologies by 32.9% in the 4th quarter. Morgan Stanley now owns 517,505 shares of the company’s stock valued at $6,458,000 after acquiring an additional 128,035 shares during the last quarter. Finally, ETF Managers Group LLC lifted its holdings in shares of Tufin Software Technologies by 24.7% in the 4th quarter. ETF Managers Group LLC now owns 2,574,550 shares of the company’s stock valued at $32,156,000 after acquiring an additional 510,285 shares during the last quarter. 40.37% of the stock is owned by hedge funds and other institutional investors.

Tufin Software Technologies Company Profile

Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, Asia Pacific, and internationally. The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface, and ensure continuous compliance across the network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.

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Analyst Recommendations for Tufin Software Technologies (NYSE:TUFN)

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