Tenable Holdings, Inc. (NASDAQ:TENB) Director Sells $31,162.68 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tenable Price Performance

Tenable stock traded down $0.40 during mid-day trading on Friday, hitting $38.49. 729,885 shares of the company were exchanged, compared to its average volume of 795,814. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $41.16 and a 200 day moving average of $41.49. The company has a market capitalization of $4.62 billion, a PE ratio of -75.47 and a beta of 0.85.

Analyst Ratings Changes

TENB has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Tenable in a research report on Monday. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Barclays dropped their price objective 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. Finally, Jefferies Financial Group increased their target price on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and an average price target of $50.63.

Hedge Funds Weigh In On Tenable

Several institutional investors have recently added to or reduced their stakes in TENB. State Street Corp grew its holdings in Tenable by 2.6% during the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after acquiring an additional 73,293 shares during the last quarter. Geode Capital Management LLC increased its stake in Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after purchasing an additional 33,303 shares in the last quarter. Fiera Capital Corp acquired a new stake in Tenable during the 3rd quarter worth $2,494,000. Nordea Investment Management AB lifted its holdings in shares of Tenable by 10.4% during the 4th quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock valued at $10,489,000 after purchasing an additional 25,247 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Tenable in the third quarter valued at approximately $608,000. 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.