Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) Insider Sells 1,245 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) insider Barron Anschutz sold 1,245 shares of Tenable stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $39,815.10. Following the completion of the transaction, the insider now owns 57,905 shares in the company, valued at $1,851,801.90. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Tenable Stock Performance

NASDAQ:TENB traded up $0.67 during midday trading on Tuesday, hitting $32.57. The company’s stock had a trading volume of 1,279,812 shares, compared to its average volume of 1,054,817. The firm’s 50 day moving average is $32.87 and its 200-day moving average is $37.77. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The firm has a market cap of $3.98 billion, a P/E ratio of -108.57 and a beta of 0.83.

Tenable (NASDAQ:TENB) last issued its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company had revenue of $239.14 million during the quarter, compared to analysts’ expectations of $234.12 million. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

Several hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after acquiring an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Tenable during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new position in shares of Tenable in the fourth quarter valued at approximately $38,000. Byrne Asset Management LLC raised its position in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $47,000 after acquiring an additional 727 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Tenable in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TENB. DA Davidson dropped their target price on Tenable from $45.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus cut their target price on shares of Tenable from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Tenable from $53.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company decreased their target price on Tenable from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Truist Financial reduced their target price on Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.44.

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.