Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) COO Sells 2,219 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) COO Mark C. Thurmond sold 2,219 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $43.76, for a total value of $97,103.44. Following the transaction, the chief operating officer now directly owns 30,335 shares of the company's stock, valued at $1,327,459.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tenable Price Performance

TENB stock traded down $0.59 during trading on Tuesday, hitting $43.43. The stock had a trading volume of 752,995 shares, compared to its average volume of 920,480. The company's 50-day moving average price is $46.56 and its two-hundred day moving average price is $45.45. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The stock has a market capitalization of $5.16 billion, a P/E ratio of -75.19 and a beta of 0.94. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.23.

Analyst Upgrades and Downgrades

Several research firms have commented on TENB. Needham & Company LLC restated a "buy" rating and set a $62.00 price objective on shares of Tenable in a report on Tuesday, May 14th. Scotiabank began coverage on shares of Tenable in a research note on Friday, April 26th. They issued a "sector perform" rating and a $47.00 price objective for the company. Stephens raised their target price on shares of Tenable from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. Truist Financial upped their price target on shares of Tenable from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Finally, Susquehanna lifted their price objective on shares of Tenable from $55.00 to $60.00 and gave the company a "positive" rating in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.20.

Institutional Trading of Tenable

Several large investors have recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Tenable during the 3rd quarter worth approximately $27,000. Principal Securities Inc. purchased a new position in shares of Tenable during the 4th quarter worth $35,000. Fidelis Capital Partners LLC acquired a new position in shares of Tenable during the 1st quarter valued at about $58,000. SG Americas Securities LLC purchased a new stake in shares of Tenable in the fourth quarter valued at about $127,000. Finally, Verity & Verity LLC acquired a new stake in Tenable during the first quarter worth about $127,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

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