Tufin Software Technologies Ltd. (NYSE:TUFN – Get Rating) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.17.
A number of equity analysts recently issued reports on the company. Colliers Securities cut Tufin Software Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th. Stifel Nicolaus dropped their price target on Tufin Software Technologies from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Monday, March 21st. Finally, Zacks Investment Research upgraded Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, April 13th.
A number of large investors have recently bought and sold shares of TUFN. Harel Insurance Investments & Financial Services Ltd. increased its position in Tufin Software Technologies by 0.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,903,178 shares of the company’s stock worth $16,995,000 after buying an additional 8,085 shares during the period. Davy Global Fund Management Ltd grew its holdings in shares of Tufin Software Technologies by 25.1% during the 1st quarter. Davy Global Fund Management Ltd now owns 235,922 shares of the company’s stock worth $2,107,000 after purchasing an additional 47,315 shares in the last quarter. Norges Bank bought a new stake in shares of Tufin Software Technologies during the fourth quarter valued at approximately $594,000. Weiss Multi Strategy Advisers LLC raised its stake in shares of Tufin Software Technologies by 72.6% in the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 545,000 shares of the company’s stock valued at $5,750,000 after purchasing an additional 229,206 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Tufin Software Technologies by 72.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,124 shares of the company’s stock valued at $233,000 after buying an additional 9,286 shares in the last quarter. Institutional investors and hedge funds own 57.61% of the company’s stock.
NYSE TUFN opened at $12.74 on Tuesday. The firm has a market cap of $468.45 million, a price-to-earnings ratio of -12.74 and a beta of 1.00. The firm has a 50-day simple moving average of $10.79. Tufin Software Technologies has a one year low of $7.50 and a one year high of $13.50.
Tufin Software Technologies (NYSE:TUFN – Get Rating) last announced its earnings results on Thursday, February 10th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.06. The firm had revenue of $35.84 million for the quarter, compared to the consensus estimate of $34.38 million. Tufin Software Technologies had a negative return on equity of 62.67% and a negative net margin of 33.28%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) EPS. As a group, sell-side analysts expect that Tufin Software Technologies will post -1.18 earnings per share for the current year.
Tufin Software Technologies Company Profile (GetRating)
Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, the Asia Pacific, and internationally. The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface, and ensure continuous compliance across the network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.
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