Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 3,386 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Stephen A. Vintz sold 3,386 shares of Tenable stock in a transaction that occurred 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 directly owns 328,008 shares in the company, valued at approximately $10,643,859.60. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tenable Trading Up 0.1%

Shares of NASDAQ:TENB traded up $0.04 during mid-day trading on Friday, hitting $32.19. The stock had a trading volume of 1,437,413 shares, compared to its average volume of 1,064,712. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $3.93 billion, a PE ratio of -107.30 and a beta of 0.83. The company's 50 day moving average is $32.61 and its 200-day moving average is $37.57.

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

Hedge Funds Weigh In On Tenable

Institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after purchasing an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Tenable during the fourth quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in Tenable during the fourth quarter valued at $38,000. Byrne Asset Management LLC grew its stake in Tenable by 115.4% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after purchasing an additional 727 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Tenable in the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

TENB has been the topic of a number of research analyst reports. Barclays lowered their price target on Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Truist Financial lowered their target price on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. reduced their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company lowered their price objective on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Cantor Fitzgerald began coverage on Tenable in a research report on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $40.44.

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.