Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 1,341 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Tenable Stock Performance

Shares of TENB opened at $38.37 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.61 billion, a P/E ratio of -127.90 and a beta of 0.87. The business’s 50 day moving average price is $40.74 and its 200-day moving average price is $41.04. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $50.30.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tenable

A number of hedge funds have recently bought and sold shares of TENB. Norges Bank purchased a new stake in shares of Tenable during the 4th quarter valued at about $54,950,000. Shapiro Capital Management LLC grew its position in Tenable by 647.5% during the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company’s stock valued at $41,745,000 after buying an additional 918,235 shares during the period. Vanguard Group Inc. increased its holdings in Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock valued at $549,234,000 after buying an additional 708,249 shares during the last quarter. Readystate Asset Management LP bought a new position in Tenable in the third quarter worth approximately $24,660,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Tenable during the 4th quarter worth $15,653,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

TENB has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Piper Sandler decreased their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Scotiabank lifted their target price on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.67.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.