Insider Selling: Tenable Holdings Inc (NASDAQ:TENB) CRO Sells 32,417 Shares of Stock

Tenable Holdings Inc (NASDAQ:TENB) CRO John Negron sold 32,417 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $29.77, for a total transaction of $965,054.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

John Negron also recently made the following trade(s):

  • On Tuesday, May 28th, John Negron sold 451 shares of Tenable stock. The stock was sold at an average price of $29.78, for a total transaction of $13,430.78.

Shares of Tenable stock opened at $30.56 on Friday. Tenable Holdings Inc has a 52-week low of $20.00 and a 52-week high of $39.38. The firm has a 50-day moving average price of $27.92. The company has a market cap of $2.95 billion and a PE ratio of -22.47. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.06.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $80.30 million during the quarter, compared to the consensus estimate of $78.37 million. The business’s quarterly revenue was up 35.9% on a year-over-year basis. Research analysts predict that Tenable Holdings Inc will post -1.02 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its position in shares of Tenable by 126.5% during the first quarter. Rhumbline Advisers now owns 38,230 shares of the company’s stock valued at $1,210,000 after buying an additional 21,354 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Tenable by 4,624.1% during the first quarter. BNP Paribas Arbitrage SA now owns 6,472 shares of the company’s stock valued at $205,000 after buying an additional 6,335 shares during the period. Bank of New York Mellon Corp increased its position in shares of Tenable by 17.8% during the fourth quarter. Bank of New York Mellon Corp now owns 36,336 shares of the company’s stock valued at $806,000 after buying an additional 5,497 shares during the period. Millennium Management LLC bought a new stake in shares of Tenable during the fourth quarter valued at about $1,996,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Tenable during the first quarter valued at about $226,000. Institutional investors and hedge funds own 53.51% of the company’s stock.

A number of equities analysts recently weighed in on TENB shares. Nomura boosted their price target on shares of Square from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Zacks Investment Research downgraded shares of Zynex from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Wedbush reissued a “buy” rating and issued a $44.00 price target on shares of Tenable in a report on Monday, May 27th. Finally, Cowen cut their price target on shares of Nordstrom from $44.00 to $36.00 and set a “market perform” rating on the stock in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Tenable currently has an average rating of “Buy” and a consensus price target of $37.11.

About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.

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