Wells Fargo analyst Andrew Nowinski maintained a Buy rating on Tenable Holdings (TENB – Research Report) today and set a price target of $55.00. The company’s shares closed last Friday at $47.06.
Nowinski covers the Technology sector, focusing on stocks such as Palo Alto Networks, CyberArk Software, and Okta. According to TipRanks, Nowinski has an average return of 18.1% and a 57.81% success rate on recommended stocks.
Currently, the analyst consensus on Tenable Holdings is a Strong Buy with an average price target of $53.60, a 13.90% upside from current levels. In a report released on January 26, Needham also maintained a Buy rating on the stock with a $56.00 price target.
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Based on Tenable Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $195.04 million and a GAAP net loss of $15.97 million. In comparison, last year the company earned a revenue of $164.34 million and had a GAAP net loss of $27.5 million
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 (TENB) Company Description:
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:
- Tenable Holdings price target raised to $56 from $52 at Needham
- DA Davidson enterprise security analysts hold analyst/industry conference call
- Tenable Announces Date For Its Fourth Quarter and Full Year 2023 Earnings Conference Call
- Tenable Named a CRN 2024 Cloud 100 Company
- Tenable Holdings upgraded to Buy from Hold at WestPark Capital
