Barclays Sticks to Their Hold Rating for Tenable Holdings (TENB)

In a report released today, Saket Kalia from Barclays maintained a Hold rating on Tenable Holdings (TENB – Research Report), with a price target of $57.00. The company’s shares closed last Friday at $45.99.

According to TipRanks, Kalia is a 5-star analyst with an average return of 14.3% and a 58.98% success rate. Kalia covers the Technology sector, focusing on stocks such as Autodesk, Adobe, and Palo Alto Networks.

In addition to Barclays, Tenable Holdings also received a Hold from Scotiabank’s Patrick Colville in a report issued on April 25. However, on April 23, Needham maintained a Buy rating on Tenable Holdings (NASDAQ: TENB).

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 70 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. Most recently, in February 2024, Mark C. Thurmond, the COO of TENB sold 8,794.00 shares for a total of $419,565.48.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.