Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) Insider Sells 655 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) insider Barron Anschutz sold 655 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value of $21,254.75. Following the transaction, the insider now directly owns 57,250 shares in the company, valued at $1,857,762.50. This represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Barron Anschutz also recently made the following trade(s):

• On Friday, May 23rd, Barron Anschutz sold 1,245 shares of Tenable stock. The stock was sold at an average price of $31.98, for a total transaction of $39,815.10.

Tenable Trading Up 0.1%

Shares of NASDAQ TENB traded up $0.04 during midday trading on Friday, reaching $32.19. 1,437,413 shares of the stock were exchanged, compared to its average volume of 1,064,712. The stock has a 50 day moving average price of $32.61 and a 200-day moving average price of $37.57. 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 company has a market capitalization of $3.93 billion, a P/E 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 released its earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Tenable's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. Equities research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

TENB has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. DA Davidson reduced their price target on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Barclays lowered their price target on Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Scotiabank reduced their price objective on Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Finally, Jefferies Financial Group lowered their target price on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.44.

Hedge Funds Weigh In On Tenable

Several institutional investors have recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after buying an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Tenable during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Tenable during the 4th quarter worth about $38,000. Johnson Financial Group Inc. acquired a new stake in shares of Tenable in the fourth quarter worth approximately $53,000. Finally, Byrne Asset Management LLC grew its stake in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after buying an additional 727 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.