Tufin Software Technologies Ltd’s Quiet Period Set To Expire on May 21st (NYSE:TUFN)

Tufin Software Technologies’ (NYSE:TUFN) quiet period is set to expire on Tuesday, May 21st. Tufin Software Technologies had issued 7,700,000 shares in its initial public offering on April 11th. The total size of the offering was $107,800,000 based on an initial share price of $14.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Several equities analysts have recently issued reports on the stock. CIBC assumed coverage on shares of Tufin Software Technologies in a report on Monday, May 6th. They issued an “outperform” rating and a $35.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued an “overweight” rating and a $26.00 target price for the company. Piper Jaffray Companies assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued an “overweight” rating and a $25.00 target price for the company. Barclays assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued an “overweight” rating and a $29.00 target price for the company. Finally, Oppenheimer assumed coverage on shares of Tufin Software Technologies in a research note on Monday, May 6th. They issued an “outperform” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.86.

Shares of NYSE:TUFN opened at $21.50 on Tuesday. Tufin Software Technologies has a one year low of $18.05 and a one year high of $24.89.

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Tufin Software Technologies Company Profile

Tufin Ltd. provides security policy management solutions. It offers Orchestration Suite, a solution for automatically designing, provisioning, analyzing, and auditing network security changes from the application layer down to the network layer; SecureTrack, a management platform for firewalls, routers, load-balancers, and additional network devices; SecureChange, a solution for automating firewall and router configuration changes across complex networks; SecureApp, a solution that enables organizations to manage network connectivity and security policies; and Tufin Iris, a cloud-native solution that enables cloud operations and IT security teams to gain visibility and control of security policies for cloud-based applications.

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