Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells 15,505 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CFO Stephen A. Vintz sold 15,505 shares of the firm's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the sale, the chief financial officer now directly owns 257,924 shares of the company's stock, valued at $12,782,713.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tenable Price Performance

TENB stock traded down $0.09 during mid-day trading on Monday, hitting $49.34. 656,976 shares of the stock were exchanged, compared to its average volume of 1,015,046. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day moving average price of $48.16 and a 200 day moving average price of $44.89. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of -72.56 and a beta of 0.94.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. The firm had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its holdings in shares of Tenable by 60.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 32,000 shares of the company's stock worth $1,419,000 after buying an additional 12,000 shares during the period. American Century Companies Inc. increased its holdings in shares of Tenable by 15.9% in the third quarter. American Century Companies Inc. now owns 1,791,909 shares of the company's stock worth $80,278,000 after buying an additional 245,243 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Tenable by 5.7% in the third quarter. Loomis Sayles & Co. L P now owns 972,017 shares of the company's stock worth $43,546,000 after buying an additional 52,021 shares during the period. Deutsche Bank AG increased its holdings in shares of Tenable by 6.0% in the third quarter. Deutsche Bank AG now owns 475,078 shares of the company's stock worth $21,283,000 after buying an additional 26,976 shares during the period. Finally, Comerica Bank purchased a new position in shares of Tenable in the third quarter worth about $12,559,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of analyst reports. Stephens raised their price target on Tenable from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. Susquehanna raised their price target on Tenable from $55.00 to $60.00 and gave the stock a "positive" rating in a report on Thursday, February 8th. Morgan Stanley raised Tenable from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $46.00 to $60.00 in a research note on Tuesday, January 9th. Truist Financial lifted their price objective on Tenable from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company lifted their price objective on Tenable from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.63.

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.