Wedbush Keeps a Buy Rating on Tenable Holdings Inc (TENB)

By Carrie Williams

Wedbush analyst Daniel Ives maintained a Buy rating on Tenable Holdings Inc (TENBResearch Report) yesterday and set a price target of $44. The company’s shares closed yesterday at $27.30.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 5.3% and a 56.5% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Pivotal Software Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenable Holdings Inc with a $42.50 average price target, implying a 55.7% upside from current levels. In a report issued on May 1, Morgan Stanley also maintained a Buy rating on the stock with a $41 price target.

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The company has a one-year high of $39.38 and a one-year low of $20. Currently, Tenable Holdings Inc has an average volume of 812.7K.

Based on the recent corporate insider activity of 49 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.

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, 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.