Amit Yoran Sells 6,636 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 6,636 shares of Tenable stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $54.09, for a total transaction of $358,941.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amit Yoran also recently made the following trade(s):

  • On Thursday, October 14th, Amit Yoran sold 37,500 shares of Tenable stock. The shares were sold at an average price of $51.35, for a total transaction of $1,925,625.00.
  • On Tuesday, September 14th, Amit Yoran sold 37,500 shares of Tenable stock. The shares were sold at an average price of $47.48, for a total transaction of $1,780,500.00.

Tenable stock opened at $51.32 on Thursday. The stock has a market capitalization of $5.51 billion, a PE ratio of -146.63 and a beta of 1.64. The company has a debt-to-equity ratio of 1.84, a current ratio of 2.01 and a quick ratio of 2.01. The firm’s fifty day simple moving average is $49.90. Tenable Holdings, Inc. has a one year low of $33.25 and a one year high of $58.45.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, October 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $138.66 million for the quarter, compared to analysts’ expectations of $134.61 million. Tenable had a negative return on equity of 14.84% and a negative net margin of 7.36%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. As a group, research analysts anticipate that Tenable Holdings, Inc. will post -0.44 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Tenable by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 908,618 shares of the company’s stock worth $41,924,000 after purchasing an additional 46,756 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in Tenable by 4.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,232,514 shares of the company’s stock worth $56,868,000 after purchasing an additional 48,212 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Tenable by 18.7% in the third quarter. Summit Trail Advisors LLC now owns 441,664 shares of the company’s stock worth $20,378,000 after purchasing an additional 69,479 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Tenable in the third quarter worth about $18,151,000. Finally, BNP Paribas Arbitrage SA boosted its position in Tenable by 200.9% in the third quarter. BNP Paribas Arbitrage SA now owns 87,869 shares of the company’s stock worth $4,054,000 after purchasing an additional 58,664 shares during the last quarter. 84.74% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Tenable from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 27th. Stifel Nicolaus lifted their price target on shares of Tenable from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. Wedbush lifted their price objective on shares of Tenable from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Barclays lifted their price objective on shares of Tenable from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. Finally, TheStreet raised shares of Tenable from a “d” rating to a “c-” rating in a report on Tuesday, October 26th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Tenable has a consensus rating of “Buy” and a consensus price target of $61.29.

About Tenable

Tenable Holdings, Inc engages in the development of security software solutions. It offers Cyber Exposure which is a discipline for managing and measuring cybersecurity risk in the digital era. Its products include tenable.io, tenable.sc, tenable.ot, and nessus professional. The firm delivers solutions in the field of application security, cloud security, compliance, energy, finance, healthcare, and retail.

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