Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 2,483 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Mark C. Thurmond sold 2,483 shares of the company's stock in a transaction that occurred 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 directly owns 72,727 shares in the company, valued at $2,359,991.15. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tenable Stock Performance

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

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

Hedge Funds Weigh In On Tenable

Several large investors have recently added to or reduced their stakes in TENB. Barclays PLC lifted its holdings in shares of Tenable by 31.9% in the third quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after buying an additional 177,048 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Tenable by 74.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after buying an additional 1,172 shares in the last quarter. KBC Group NV lifted its holdings in shares of Tenable by 44.1% in the fourth quarter. KBC Group NV now owns 4,733 shares of the company's stock worth $186,000 after buying an additional 1,449 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Tenable by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after buying an additional 657 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Tenable in the fourth quarter worth $126,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Analyst Ratings Changes

TENB has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Stephens lowered shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. DA Davidson decreased their price target on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Westpark Capital reissued a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Finally, Scotiabank reduced their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Tenable has a consensus rating of "Moderate Buy" and a consensus price target 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.