Tenable Holdings, Inc. (NASDAQ:TENB) Director Sells 809 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the sale, the director now directly owns 8,659 shares of the company’s stock, valued at $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tenable Trading Down 1.0 %

TENB opened at $38.49 on Friday. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50 day simple moving average of $41.15 and a two-hundred day simple moving average of $41.47. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -75.47 and a beta of 0.85.

Hedge Funds Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after purchasing an additional 305,334 shares during the period. Mackenzie Financial Corp increased its position in shares of Tenable by 12.7% during the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares during the period. RGM Capital LLC raised its stake in Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock worth $154,240,000 after buying an additional 153,127 shares in the last quarter. State Street Corp lifted its holdings in Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after buying an additional 73,293 shares during the period. Finally, Geode Capital Management LLC boosted its position in Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after acquiring an additional 33,303 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TENB. Robert W. Baird dropped their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Westpark Capital restated a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Monday, January 6th. Jefferies Financial Group boosted their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, Barclays reduced their target price on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Tenable presently has an average rating of “Moderate Buy” and an average price target of $50.63.

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.