Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond Sells 1,341 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction on 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 approximately $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tenable Stock Performance

Shares of NASDAQ TENB opened at $38.53 on Friday. 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 moving average of $40.80 and a 200-day moving average of $41.05. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $50.30.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TENB shares. Robert W. Baird cut 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. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Finally, Jefferies Financial Group boosted their target price on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.67.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock worth $610,987,000 after purchasing an additional 304,237 shares in the last quarter. Vanguard Group Inc. lifted its position in Tenable by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after buying an additional 708,249 shares during the last quarter. State Street Corp boosted its stake 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 in the last quarter. Geode Capital Management LLC grew its position in Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock valued at $110,416,000 after acquiring an additional 8,746 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Tenable by 6.2% during the fourth quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock worth $91,860,000 after acquiring an additional 137,150 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

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.