Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells $80,573.35 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Mark C. Thurmond sold 2,483 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $80,573.35. Following the sale, the chief executive officer now owns 72,727 shares of the company's stock, valued at approximately $2,359,991.15. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Tenable Stock Up 0.1%

Shares of TENB traded up $0.04 during trading hours on Friday, reaching $32.19. 1,437,413 shares of the stock traded hands, compared to its average volume of 1,064,712. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18. The company has a market cap of $3.93 billion, a price-to-earnings ratio of -107.30 and a beta of 0.83. The stock has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $37.57. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. On average, equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 worth $25,000 after buying an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Tenable in the fourth quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in Tenable in the fourth quarter valued at about $38,000. Johnson Financial Group Inc. bought a new position in shares of Tenable during the 4th quarter valued at approximately $53,000. Finally, Byrne Asset Management LLC grew its position in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after acquiring an additional 727 shares during the period. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TENB shares. Westpark Capital reiterated a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Scotiabank reduced their price objective on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group lowered their price objective on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Stifel Nicolaus cut their target price on shares of Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Needham & Company LLC decreased their price target on shares of Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.44.

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.