Tenable Holdings Inc (NASDAQ:TENB) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,792,429 shares, a growth of 27.8% from the January 15th total of 1,402,498 shares. Currently, 8.4% of the shares of the company are sold short. Based on an average trading volume of 409,608 shares, the days-to-cover ratio is currently 4.4 days.
A number of brokerages recently commented on TENB. Zacks Investment Research downgraded Tenable from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Wedbush began coverage on Tenable in a research note on Thursday, October 18th. They set an “outperform” rating and a $38.00 price objective for the company. 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. 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 for the company. Finally, Summit Insights began coverage on Tenable in a research note on Monday. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Tenable currently has an average rating of “Buy” and an average price target of $36.86.
In related news, General Counsel Stephen A. Riddick sold 25,000 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several large investors have recently added to or reduced their stakes in TENB. Strs Ohio bought a new position in shares of Tenable in the third quarter worth $139,000. Insight Holdings Group LLC bought a new position in shares of Tenable in the third quarter worth $1,102,826,000. Massachusetts Financial Services Co. MA bought a new position in shares of Tenable in the third quarter worth $11,202,000. First Trust Advisors LP bought a new position in shares of Tenable in the third quarter worth $27,747,000. Finally, Glynn Capital Management LLC bought a new position in shares of Tenable in the third quarter worth $1,356,000. 44.69% of the stock is owned by institutional investors.
Shares of TENB opened at $28.71 on Thursday. The firm has a market cap of $2.60 billion and a P/E ratio of -21.11. Tenable has a 12 month low of $20.00 and a 12 month high of $39.38.
Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, February 5th. The company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The company had revenue of $75.22 million for the quarter, compared to the consensus estimate of $72.59 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Tenable’s quarterly revenue was up 39.0% compared to the same quarter last year. On average, analysts anticipate that Tenable will post -1.11 earnings per share for the current year.
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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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