Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells $53,049.96 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at $1,632,482.96. The trade was a 3.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Tenable Stock Performance

Shares of NASDAQ TENB opened at $38.37 on Friday. The stock’s 50-day moving average is $40.74 and its 200 day moving average is $41.04. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -127.90 and a beta of 0.87. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $50.30. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last posted its quarterly 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%. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on TENB. Piper Sandler cut their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group raised their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Scotiabank upped their price target on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tenable has a consensus rating of “Moderate Buy” and a consensus price target of $49.67.

Institutional Trading of Tenable

Hedge funds have recently added to or reduced their stakes in the business. PharVision Advisers LLC bought a new position in shares of Tenable during the fourth quarter valued at about $442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Tenable by 20.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,575 shares of the company’s stock valued at $12,191,000 after acquiring an additional 51,989 shares during the period. Voloridge Investment Management LLC bought a new position in Tenable during the 4th quarter worth approximately $923,000. Vident Advisory LLC increased its stake in Tenable by 23.3% in the 4th quarter. Vident Advisory LLC now owns 92,381 shares of the company’s stock worth $3,638,000 after purchasing an additional 17,458 shares during the period. Finally, Twinbeech Capital LP bought a new stake in Tenable in the fourth quarter valued at approximately $2,554,000. 89.06% of the stock is owned by institutional investors.

About Tenable

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.