Tenable (NASDAQ:TENB) CAO Sells $510,000.00 in Stock

Key Points

• Tenable CAO Barron Anschutz sold 10,000 shares for $510,000 at an average price of $51.00, reducing his position by 13.14%; he retained 66,077 shares.
• Tenable beat quarterly estimates, reporting EPS of $0.63 versus $0.51 expected and revenue of $276.39 million, up 9.5% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $46.25; 10 analysts rate the stock Buy, 11 Hold, and one Sell.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CAO Barron Anschutz sold 10,000 shares of the firm's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. Following the sale, the chief accounting officer owned 66,077 shares in the company, valued at approximately $3,369,927. This represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tenable Stock Performance

TENB traded up $0.31 on Wednesday, reaching $47.34. The stock had a trading volume of 2,639,608 shares, compared to its average volume of 4,155,954. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $53.22. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The business's 50-day moving average price is $38.84 and its two-hundred day moving average price is $29.14. The company has a market cap of $5.21 billion, a P/E ratio of 364.18 and a beta of 0.89.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The business had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. During the same period in the prior year, the company posted $0.42 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

Several institutional investors have recently bought and sold shares of the company. Fulcrum Asset Management LLP increased its stake in Tenable by 143.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 1,910 shares of the company's stock worth $67,000 after buying an additional 1,124 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Tenable in the third quarter worth approximately $303,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Tenable in the third quarter worth approximately $212,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Tenable during the third quarter worth approximately $899,000. Finally, Salomon & Ludwin LLC acquired a new position in Tenable in the 3rd quarter valued at $29,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TENB shares. Weiss Ratings upgraded Tenable from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, October 8th. Jefferies Financial Group dropped their price objective on Tenable from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Truist Financial restated a "hold" rating and issued a $45.00 price objective (up from $35.00) on shares of Tenable in a research report on Thursday, October 29th. Needham & Company LLC upped their target price on Tenable from $36.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Finally, UBS Group reaffirmed a "hold" rating on shares of Tenable in a research note on Thursday, October 29th. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $46.25.

About Tenable

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company's product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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