Tenable Holdings, Inc. (NASDAQ:TENB) Director Sells $92,500.00 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Tenable Trading Up 2.3 %

Shares of TENB opened at $36.06 on Friday. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $50.30. The stock has a 50-day moving average price of $39.81 and a 200 day moving average price of $40.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $4.34 billion, a P/E ratio of -120.20 and a beta of 0.87.

Tenable (NASDAQ:TENB) last released its earnings results 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 net margin of 4.03% and a negative return on equity of 2.07%. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

Hedge funds and other institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC acquired a new position in Tenable in the fourth quarter worth about $442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Tenable by 20.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,575 shares of the company’s stock worth $12,191,000 after acquiring an additional 51,989 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Tenable in the 4th quarter valued at approximately $923,000. Vident Advisory LLC raised its position in shares of Tenable by 23.3% during the 4th quarter. Vident Advisory LLC now owns 92,381 shares of the company’s stock valued at $3,638,000 after acquiring an additional 17,458 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new stake in shares of Tenable during the 4th quarter valued at approximately $2,554,000. Institutional investors own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TENB. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a report on Thursday, February 6th. Stifel Nicolaus lowered 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 note on Friday, January 17th. Jefferies Financial Group increased their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Barclays lifted their price target on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Scotiabank increased their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tenable has an average rating of “Moderate Buy” and an average price target of $49.67.

About Tenable

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.