Tenable (NASDAQ:TENB) Stock: Insider A Brooke Seawell Sells 15,000 Shares

Key Points

• Director A. Brooke Seawell sold 15,000 Tenable shares for about $754,950, reducing his stake by 11.51%; he retained 115,292 shares after the transaction.
• Tenable beat quarterly expectations, reporting EPS of $0.63 versus $0.51 expected and revenue of $276.39 million versus $271.58 million; revenue rose 9.5% year over year.
• Analysts’ consensus rating was “Hold,” with an average price target of $46.25. Shares traded at $47.34 in Wednesday midday trading.

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) Director A. Brooke Seawell sold 15,000 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $50.33, for a total transaction of $754,950.00. Following the sale, the director directly owned 115,292 shares of the company's stock, valued at approximately $5,802,646.36. The trade was a 11.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tenable Stock Performance

Shares of NASDAQ:TENB traded up $0.31 during midday trading on Wednesday, hitting $47.34. The company had a trading volume of 2,639,608 shares, compared to its average volume of 4,155,954. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.04 and a quick ratio of 0.79. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 102.24 and a beta of 0.89. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $53.22. The company has a fifty day moving average of $38.84 and a two-hundred day moving average of $29.14.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Tenable had a return on equity of 28.72% and a net margin of 1.48%. The company had revenue of $276.39 million for the quarter, compared to the consensus estimate of $271.58 million. During the same period in the previous year, the business earned $0.42 earnings per share. Tenable's quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Tenable Holdings, Inc. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

TENB has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Tenable from $31.00 to $48.00 and gave the stock a "hold" rating in a research report on Thursday, October 29th. Needham & Company LLC lifted their price target on shares of Tenable from $36.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Truist Financial reiterated a "hold" rating and issued a $45.00 price target (up from $35.00) on shares of Tenable in a report on Thursday, October 29th. TD Cowen boosted their price target on shares of Tenable from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Finally, Scotiabank reissued an "outperform" rating and set a $60.00 price objective on shares of Tenable in a report on Thursday, October 29th. Ten investment 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 data from MarketBeat.com, Tenable presently has an average rating of "Hold" and a consensus target price of $46.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TENB. Krilogy Financial LLC lifted its position in shares of Tenable by 2.6% during the third quarter. Krilogy Financial LLC now owns 12,521 shares of the company's stock worth $456,000 after purchasing an additional 317 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Tenable by 20.6% in the third quarter. Nisa Investment Advisors LLC now owns 2,559 shares of the company's stock worth $93,000 after purchasing an additional 437 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Tenable by 25.6% in the second quarter. Allworth Financial LP now owns 2,838 shares of the company's stock worth $105,000 after purchasing an additional 579 shares during the last quarter. GAMMA Investing LLC increased its stake in Tenable by 36.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,524 shares of the company's stock worth $93,000 after buying an additional 671 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in Tenable in the 3rd quarter valued at about $29,000. Institutional investors own 89.06% of the company's stock.

Tenable Company Profile

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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