Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells $196,596.16 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 4,828 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $196,596.16. Following the completion of the transaction, the chief executive officer now owns 45,171 shares of the company’s stock, valued at $1,839,363.12. The trade was a 9.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Amit Yoran also recently made the following trade(s):

• On Monday, August 26th, Amit Yoran sold 5,673 shares of Tenable stock. The shares were sold at an average price of $41.75, for a total value of $236,847.75.

Tenable Stock Performance

Shares of TENB opened at $42.44 on Friday. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a 50-day moving average price of $40.96 and a 200 day moving average price of $41.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Piper Sandler dropped their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Canaccord Genuity Group dropped their price target on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus dropped their price target on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Truist Financial restated a “buy” rating and set a $55.00 price target (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tenable has an average rating of “Moderate Buy” and an average target price of $50.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd boosted its holdings in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Tenable in the 2nd quarter worth approximately $40,000. Truvestments Capital LLC acquired a new position in shares of Tenable in the 1st quarter worth approximately $189,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Tenable in the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.