Stephen A. Vintz Sells 3,386 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Stephen A. Vintz sold 3,386 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total value of $109,875.70. Following the sale, the chief executive officer now owns 328,008 shares in the company, valued at $10,643,859.60. The trade was a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Tenable Stock Up 1.7%

NASDAQ TENB traded up $0.54 during trading hours on Tuesday, hitting $32.74. 1,519,646 shares of the company were exchanged, compared to its average volume of 1,069,141. The company has a 50 day moving average of $32.46 and a two-hundred day moving average of $37.45. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -109.13 and a beta of 0.83.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The business had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS. Equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TENB shares. Needham & Company LLC cut their price target on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Cantor Fitzgerald started coverage on Tenable in a research note on Monday, March 31st. They set an "overweight" rating and a $50.00 price target on the stock. Robert W. Baird cut their price target on Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Stifel Nicolaus cut their price target on Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.

Institutional Trading of Tenable

Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after buying an additional 575 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Tenable in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable in the 4th quarter valued at approximately $38,000. Byrne Asset Management LLC lifted its holdings in shares of Tenable by 115.4% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after buying an additional 727 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Tenable in the 4th quarter valued at approximately $53,000. 89.06% of the stock is owned by institutional investors and hedge funds.

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.