In this article, we will be looking at the 5 best security stocks to buy now. If you want to see our detailed analysis of the cybersecurity industry, you can go directly to the 15 Best Security Stocks to Buy Now.
5. Tenable Holdings, Inc. (NASDAQ: TENB)
Number of Hedge Fund Holders: 32
Tenable Holdings, Inc. (NASDAQ: TENB) is a provider of cyber exposure solutions for consumers in the US, Europe, and internationally. The company’s platforms include Tenable.io and Tenable.sc, and it ranks 5th on our list of the best security stocks to buy now.
This June, Tenable Holdings, Inc. (NASDAQ: TENB) claimed to have become the first-ever vulnerability management vendor for the security of Canada’s infrastructure, following its partnership with CyberNB’s Critical Infrastructure Security Operations Center. The stock’s coverage was also initiated in the same month by Needham, with a Buy rating and a $51 price target.
In the first quarter of 2021, Tenable Holdings, Inc. (NASDAQ: TENB) had an EPS of $0.13, beating estimates by $0.07. The company’s revenue was $123.19 million, up 20.01% year over year, and beating estimates by $3.47 million, and it has a gross profit margin of 82.44%. The stock has gained 35.56% in the past year.
As of the end of the first quarter of 2021, 32 hedge funds held stakes in Tenable Holdings, Inc. (NASDAQ: TENB), worth roughly $532 million. This is compared to 39 hedge funds in the previous quarter with a total stake value of $901 million.