Tenable Holdings, Inc. (NASDAQ:TENB) CEO Stephen A. Vintz Sells 6,499 Shares

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Stephen A. Vintz sold 6,499 shares of Tenable stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $207,838.02. Following the completion of the transaction, the chief executive officer now directly owns 331,394 shares of the company's stock, valued at $10,597,980.12. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tenable Price Performance

Shares of NASDAQ TENB traded up $0.04 during midday trading on Friday, reaching $32.19. The stock had a trading volume of 1,437,413 shares, compared to its average volume of 1,064,712. The stock has a 50-day moving average of $32.61 and a 200-day moving average of $37.54. 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 capitalization of $3.93 billion, a price-to-earnings ratio of -107.30 and a beta of 0.83. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird decreased their target price on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group reduced their price target on shares of Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Stephens lowered shares of Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Cantor Fitzgerald assumed coverage on shares of Tenable in a research note on Monday, March 31st. They issued an "overweight" rating and a $50.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in Tenable by 1.0% in the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock worth $1,361,000 after purchasing an additional 332 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Tenable by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after buying an additional 390 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock worth $616,000 after buying an additional 450 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Tenable by 6.6% in the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock worth $316,000 after buying an additional 562 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Tenable by 1.8% in the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after buying an additional 564 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.