Wedbush analyst Daniel Ives maintained a Buy rating on Tenable Holdings Inc (TENB) on May 23 and set a price target of $44. The company’s shares closed on Friday at $29.51.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 5.9% and a 58.1% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Pivotal Software Inc.
Tenable Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $40.33, which is a 36.7% upside from current levels. In a report issued on May 23, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $36 price target.
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Based on Tenable Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $21.44 million. In comparison, last year the company had a GAAP net loss of $15.89 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.
