Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells $178,352.46 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Mark C. Thurmond sold 5,577 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $178,352.46. Following the sale, the chief executive officer now directly owns 75,210 shares in the company, valued at approximately $2,405,215.80. The trade was a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tenable Trading Up 0.1%

Shares of NASDAQ TENB traded up $0.04 during mid-day trading on Friday, reaching $32.19. The company had a trading volume of 1,437,413 shares, compared to its average volume of 1,064,712. The business's 50-day moving average is $32.61 and its 200-day moving average is $37.54. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -107.30 and a beta of 0.83. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The company had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. During the same period in the prior year, the business earned $0.25 EPS. The firm's quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Scotiabank reduced their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley reduced their target price on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird reduced their target price on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $40.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after acquiring an additional 304,237 shares in the last quarter. Vanguard Group Inc. grew its holdings in Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after acquiring an additional 708,249 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Tenable by 5.6% during the 1st quarter. Ameriprise Financial Inc. now owns 5,918,686 shares of the company's stock worth $207,038,000 after acquiring an additional 312,299 shares in the last quarter. RGM Capital LLC grew its holdings in Tenable by 2.0% during the 1st quarter. RGM Capital LLC now owns 3,772,624 shares of the company's stock worth $131,966,000 after acquiring an additional 72,607 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Tenable by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock worth $110,416,000 after acquiring an additional 8,746 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

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.