Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells $114,056.72 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of the sale, the chief financial officer now directly owns 281,536 shares in the company, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tenable Price Performance

Shares of NASDAQ TENB opened at $42.44 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The business has a fifty day moving average price of $40.96 and a 200 day moving average price of $41.79.

Institutional Investors Weigh In On Tenable

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd lifted its stake in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC increased its position in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after buying an additional 652 shares in the last quarter. Quest Partners LLC acquired a new position in Tenable during the 2nd quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in Tenable during the 1st quarter valued at about $189,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Tenable during the 2nd quarter valued at about $200,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TENB has been the topic of several analyst reports. Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Canaccord Genuity Group cut their price objective on Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Morgan Stanley cut their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus cut their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

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.