Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 6,499 Shares of Stock

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

Tenable Trading Up 0.1%

NASDAQ TENB traded up $0.04 on Friday, reaching $32.19. The company had a trading volume of 1,437,413 shares, compared to its average volume of 1,062,492. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18. The stock's 50 day moving average is $32.70 and its 200-day moving average is $37.67. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -107.30 and a beta of 0.83.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 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 analysts' expectations of $234.12 million. During the same period in the prior year, the business posted $0.25 EPS. Tenable's revenue was up 10.7% on a year-over-year basis. Equities analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Tenable in the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Tenable in the fourth quarter worth about $38,000. Byrne Asset Management LLC raised its position in shares of Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after purchasing an additional 727 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Tenable during the 4th quarter valued at about $53,000. 89.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TENB has been the subject of a number of recent analyst reports. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Cantor Fitzgerald initiated coverage on Tenable in a research note on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. UBS Group decreased their price objective on shares of Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their target price on shares of Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Eight equities research 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 stock. Based on data from MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and a consensus 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.