Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 6,681 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now owns 316,523 shares of the company’s stock, valued at $12,078,517.68. This represents a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tenable Trading Up 1.1 %

TENB opened at $38.14 on Friday. The stock’s fifty day moving average is $40.50 and its two-hundred day moving average is $40.97. The company has a market capitalization of $4.58 billion, a P/E ratio of -127.13 and a beta of 0.87. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $50.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on TENB shares. Scotiabank boosted their price target on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Finally, Jefferies Financial Group upped their price target on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $49.67.

Institutional Trading of Tenable

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock valued at $610,987,000 after acquiring an additional 304,237 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Tenable by 5.3% in the 4th 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 in the last quarter. State Street Corp boosted its position in shares of Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tenable by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company’s stock worth $110,416,000 after purchasing an additional 8,746 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Tenable by 6.2% in the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock worth $91,860,000 after purchasing an additional 137,150 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

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.