Tenable (NASDAQ:TENB) Stock: Insider Barron Anschutz Sells 10,000 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) CAO Barron Anschutz sold 10,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $51.00, for a total value of $510,000.00. Following the transaction, the chief accounting officer owned 66,077 shares of the company’s stock, valued at approximately $3,369,927. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tenable Trading Down 6.7%

Shares of TENB opened at $44.16 on Friday. The firm’s 50 day simple moving average is $39.05 and its 200 day simple moving average is $29.25. The company has a market capitalization of $4.86 billion, a P/E ratio of 339.72 and a beta of 0.89. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.04 and a quick ratio of 0.79. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $53.22.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 EPS. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on TENB. Needham & Company LLC upped their price target on shares of Tenable from $36.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Truist Financial restated a “hold” rating and set a $45.00 target price (up from $35.00) on shares of Tenable in a report on Thursday, October 29th. Piper Sandler raised their price target on Tenable from $30.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Susquehanna raised their price target on Tenable from $36.00 to $55.00 and gave the stock a “positive” rating in a research report on Thursday, October 29th. Finally, Stifel Nicolaus lifted their price target on Tenable from $31.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.25.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TENB. Krilogy Financial LLC lifted its holdings in Tenable by 2.6% in the 3rd quarter. Krilogy Financial LLC now owns 12,521 shares of the company’s stock worth $456,000 after buying an additional 317 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Tenable by 20.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company’s stock valued at $93,000 after buying an additional 437 shares during the period. Allworth Financial LP increased its stake in shares of Tenable by 25.6% during the second quarter. Allworth Financial LP now owns 2,838 shares of the company’s stock valued at $105,000 after buying an additional 579 shares during the period. GAMMA Investing LLC increased its stake in shares of Tenable by 36.2% during the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock valued at $93,000 after buying an additional 671 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of Tenable during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.