Tenable (NASDAQ:TENB) Stock: Insider A Brooke Seawell Sells 15,000 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) Director A. Brooke Seawell sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $50.33, for a total value of $754,950.00. Following the transaction, the director directly owned 115,292 shares in the company, valued at approximately $5,802,646.36. This represents a 11.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Tenable Trading Down 6.7%

NASDAQ TENB opened at $44.16 on Friday. The firm has a market cap of $4.86 billion, a PE ratio of 339.72 and a beta of 0.89. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $53.22. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $39.05 and a 200-day moving average of $29.25.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $276.39 million for the quarter, compared to the consensus estimate of $271.58 million. Tenable had a return on equity of 28.72% and a net margin of 1.48%. Tenable’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. As a group, sell-side analysts forecast that Tenable Holdings, Inc. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in Tenable during the third quarter valued at $29,000. EverSource Wealth Advisors LLC grew its holdings in Tenable by 217.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company’s stock valued at $60,000 after purchasing an additional 2,432 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in Tenable in the 2nd quarter worth about $66,000. Pinnacle Wealth Planning Services Inc. raised its position in Tenable by 1,021.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company’s stock worth $66,000 after purchasing an additional 1,654 shares during the period. Finally, Fulcrum Asset Management LLP lifted its stake in Tenable by 143.0% in the third quarter. Fulcrum Asset Management LLP now owns 1,910 shares of the company’s stock worth $67,000 after purchasing an additional 1,124 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TENB shares. Cantor Fitzgerald upped their price objective on shares of Tenable from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Stephens reiterated a “positive” rating on shares of Tenable in a research note on Thursday, October 29th. Truist Financial restated a “hold” rating and set a $45.00 price objective (up from $35.00) on shares of Tenable in a research note on Thursday, October 29th. Barclays upped their target price on shares of Tenable from $38.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Finally, Jefferies Financial Group reduced their target price on Tenable from $35.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.25.

About Tenable

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.