Tufin Software Technologies’ (NYSE:TUFN) quiet period is set to expire on Tuesday, May 21st. Tufin Software Technologies had issued 7,700,000 shares in its initial public offering on April 11th. The total size of the offering was $107,800,000 based on an initial share price of $14.00. During Tufin Software Technologies’ quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of equities analysts have recently issued reports on TUFN shares. Oppenheimer started coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They issued an “outperform” rating and a $35.00 price target for the company. Piper Jaffray Companies started coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They issued an “overweight” rating and a $25.00 price target for the company. Jefferies Financial Group started coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They issued a “buy” rating and a $28.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They issued an “overweight” rating and a $26.00 price target for the company. Finally, Barclays started coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They issued an “overweight” rating and a $29.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Tufin Software Technologies has an average rating of “Buy” and a consensus target price of $28.86.
Shares of TUFN opened at $23.79 on Thursday. Tufin Software Technologies has a 52-week low of $18.05 and a 52-week high of $24.89.
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About Tufin Software Technologies
Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.
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