Insider Selling: Tenable (NASDAQ:TENB) Director Sells $24,822.00 in Stock

Key Points

• Tenable director Linda Kay Zecher sold 700 shares at an average price of $35.46, generating $24,822 and reducing her direct ownership by 8.33% to 7,702 shares. She also sold an additional 690 shares the following day for $24,674.40.
• Tenable shares fell 3.3% to $34.11 during Thursday trading, giving the company a market capitalization of approximately $3.76 billion.
• The company exceeded quarterly expectations, reporting $0.51 in EPS and $268.51 million in revenue, while revenue increased 8.6% year over year. Analysts’ average rating remains “Hold”, with an average price target of $34.68.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) Director Linda Kay Zecher sold 700 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $35.46, for a total value of $24,822.00. Following the sale, the director directly owned 7,702 shares in the company, valued at $273,112.92. This represents a 8.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Linda Kay Zecher also recently made the following trade(s):

• On Wednesday, August 19th, Linda Kay Zecher sold 690 shares of Tenable stock. The shares were sold at an average price of $35.76, for a total value of $24,674.40.

Tenable Stock Down 3.3%

NASDAQ:TENB traded down $1.17 during midday trading on Thursday, reaching $34.11. The company had a trading volume of 1,489,799 shares, compared to its average volume of 3,229,858. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $43.67. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 682.34 and a beta of 0.94. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock's fifty day simple moving average is $34.46 and its 200-day simple moving average is $25.92.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.Tenable's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Tenable in the 3rd quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new stake in Tenable during the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC purchased a new position in Tenable in the fourth quarter valued at approximately $38,000. Horizon Investments LLC purchased a new position in Tenable in the third quarter valued at approximately $45,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Tenable during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Scotiabank raised shares of Tenable from a "sector perform" rating to a "sector outperform" rating and set a $50.00 target price for the company in a report on Monday, July 6th. Robert W. Baird set a $34.00 target price on shares of Tenable in a report on Thursday, April 30th. William Blair lowered Tenable from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 28th. Stifel Nicolaus boosted their price target on Tenable from $26.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company cut their price objective on shares of Tenable from $43.00 to $35.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $34.68.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable's product suite is Nessus, one of the industry's most widely adopted vulnerability scanners.

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