Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 3,606 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond sold 3,606 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the sale, the chief executive officer now owns 74,295 shares in the company, valued at $2,858,871.60. The trade was a 4.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tenable Stock Performance

Shares of TENB opened at $38.14 on Friday. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -127.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day moving average of $40.50 and a 200-day moving average of $40.97.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TENB shares. Morgan Stanley reissued an “equal weight” rating and set a $47.00 price target (down from $50.00) on shares of Tenable in a research report on Monday, December 2nd. 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 research note on Thursday, December 19th. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Thursday, February 6th. Finally, Barclays boosted their target price on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Seven research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.67.

Institutional Investors Weigh In On Tenable

Several institutional investors have recently bought and sold shares of TENB. Norges Bank acquired a new stake in Tenable in the fourth quarter worth about $54,950,000. Shapiro Capital Management LLC lifted its holdings in Tenable by 647.5% in the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company’s stock worth $41,745,000 after purchasing an additional 918,235 shares during the period. Vanguard Group Inc. lifted its holdings in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after purchasing an additional 708,249 shares during the period. Readystate Asset Management LP acquired a new stake in Tenable in the third quarter worth about $24,660,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Tenable in the fourth quarter worth about $15,653,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.