Tenable Holdings Inc (TENB) Short Interest Down 41.9% in October

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Tenable Holdings Inc (NASDAQ:TENB) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 1,390,681 shares, a drop of 41.9% from the September 28th total of 2,395,531 shares. Based on an average daily volume of 591,144 shares, the days-to-cover ratio is presently 2.4 days. Currently, 6.4% of the shares of the stock are short sold.

NASDAQ:TENB opened at $27.90 on Wednesday. Tenable has a twelve month low of $26.10 and a twelve month high of $39.38.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, September 5th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.07). The business had revenue of $63.59 million for the quarter, compared to analysts’ expectations of $62.78 million. As a group, equities research analysts forecast that Tenable will post -0.97 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on TENB. William Blair began coverage on shares of Tenable in a report on Monday, August 20th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. began coverage on shares of Tenable in a report on Monday, August 20th. They issued a “neutral” rating and a $36.00 price target for the company. Stifel Nicolaus began coverage on shares of Tenable in a report on Monday, August 20th. They issued a “buy” rating and a $43.00 price target for the company. BTIG Research began coverage on shares of Tenable in a report on Monday, August 20th. They issued a “buy” rating and a $41.00 price target for the company. Finally, Deutsche Bank began coverage on shares of Tenable in a report on Monday, August 20th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Tenable presently has a consensus rating of “Buy” and a consensus price target of $38.00.

Large investors have recently bought and sold shares of the business. Insight Holdings Group LLC purchased a new position in Tenable during the 3rd quarter valued at about $1,102,826,000. First Trust Advisors LP purchased a new position in Tenable during the 3rd quarter valued at about $27,747,000. Massachusetts Financial Services Co. MA purchased a new position in Tenable during the 3rd quarter valued at about $11,202,000. Finally, Strs Ohio purchased a new position in Tenable during the 3rd quarter valued at about $139,000.

About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

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