In a report released today, Mike Cikos from Needham maintained a Buy rating on Tenable Holdings (TENB – Research Report), with a price target of $44.00. The company’s shares closed yesterday at $38.38.
According to TipRanks, Cikos is an analyst with an average return of -8.4% and a 25.23% success rate. Cikos covers the Technology sector, focusing on stocks such as Gitlab, MongoDB, and Tenable Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenable Holdings with a $45.78 average price target, representing a 19.28% upside. In a report released on January 11, Barclays also maintained a Buy rating on the stock with a $42.00 price target.
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TENB market cap is currently $4.3B and has a P/E ratio of -51.81.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TENB in relation to earlier this year.
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Tenable Holdings, Inc. engages in the development of security software solutions. It offers Cyber Exposure which is a discipline for managing and measuring cybersecurity risk in the digital era. Its products include tenable.io, tenable.sc, and nessus professional. The firm delivers solutions in the field of application security, cloud security, compliance, energy, finance, healthcare, and retail. The company was founde by John C. Huffard, Jr. and Renaud M. Deraison in 2002 and is headquartered in Columbia, MD.
Read More on TENB:
- Cantor Fitzgerald software analysts to hold an analyst/industry conference call
- Tenable Holdings downgraded at Morgan Stanley amid near-term security caution
- Tenable Holdings downgraded to Equal Weight from Overweight at Morgan Stanley
- Tenable Holdings price target raised to $42 from $40 at Barclays
- Tenable Holdings price target lowered to $50 from $55 at Piper Sandler