TENB - Tenable ticks higher on speculation it could become a takeover target

Tenable (NASDAQ:TENB) ticked up 1.3% on speculation that the company could be the next target among cyber security related firms. Tenable could potentially be a target among cyber security names after Thoma Bravo agreed to purchase SailPoint Technologies (SAIL) for $6.9 billion on Monday and KKR (KKR) agreed to purchase Barracuda Networks from Thoma Bravo on Tuesday, Dealreporter speculated earlier in an item. Dealreporter also seems to suggest Tenable could be a target for an activist, though no major activists have disclosed positions in the company. Tenable (TENB) was also listed by analysts at Wedbush and Piper Sandler as a potential takeover candidate in a note on Monday following the Sailpoint (SAIL) deal. Tenable shares rose 3.8% on Monday and 4.4% on Tuesday. Tenable short interest is 2.1%. Tenable is set to release Q1 results on April 26.

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Tenable ticks higher on speculation it could become a takeover target