Mark C. Thurmond Sells 2,219 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) COO Mark C. Thurmond sold 2,219 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.76, for a total transaction of $97,103.44. Following the completion of the transaction, the chief operating officer now owns 30,335 shares in the company, valued at approximately $1,327,459.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tenable Trading Down 0.0 %

TENB opened at $43.41 on Thursday. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s fifty day moving average is $46.42 and its 200 day moving average is $45.48.

Tenable (NASDAQ:TENBGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The firm had revenue of $215.96 million during the quarter, compared to analysts’ expectations of $213.56 million. Research analysts forecast that Tenable Holdings, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Tenable

Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. purchased a new stake in Tenable in the 3rd quarter worth $27,000. Principal Securities Inc. bought a new stake in shares of Tenable in the fourth quarter worth about $35,000. Fidelis Capital Partners LLC purchased a new stake in shares of Tenable in the first quarter worth about $58,000. Verity & Verity LLC bought a new position in Tenable during the first quarter valued at approximately $127,000. Finally, SG Americas Securities LLC purchased a new stake in Tenable during the fourth quarter valued at $127,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Tenable in a report on Thursday, May 2nd. Wells Fargo & Company boosted their target price on Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Susquehanna raised their price target on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and set a $62.00 price objective on shares of Tenable in a report on Tuesday, May 14th. Finally, Scotiabank began coverage on shares of Tenable in a report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.20.

Get Our Latest Analysis on TENB

Tenable Company Profile

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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.

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Insider Buying and Selling by Quarter for Tenable (NASDAQ:TENB)

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