Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) Insider Sells 1,245 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) insider Barron Anschutz sold 1,245 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $39,815.10. Following the completion of the sale, the insider now directly owns 57,905 shares of the company's stock, valued at approximately $1,851,801.90. The trade was a 2.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Barron Anschutz also recently made the following trade(s):

• On Tuesday, May 27th, Barron Anschutz sold 655 shares of Tenable stock. The shares were sold at an average price of $32.45, for a total value of $21,254.75.

Tenable Stock Performance

Shares of TENB traded up $0.04 during mid-day trading on Friday, hitting $32.19. The company's stock had a trading volume of 1,437,413 shares, compared to its average volume of 1,064,712. Tenable Holdings, Inc. has a one year low of $28.75 and a one year 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 firm has a market capitalization of $3.93 billion, a PE ratio of -107.30 and a beta of 0.83. The stock's 50-day moving average is $32.61 and its two-hundred day moving average is $37.54.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 earned $0.25 earnings per share. Tenable's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TENB. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their target price on Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald initiated coverage on Tenable in a research report on Monday, March 31st. They set an "overweight" rating and a $50.00 target price for the company. Eight equities 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Institutional Investors Weigh In On Tenable

Hedge funds have recently modified their holdings of the business. Arizona State Retirement System raised its stake in shares of Tenable by 1.0% in the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock valued at $1,361,000 after purchasing an additional 332 shares in the last quarter. Summit Investment Advisors Inc. raised its stake 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 valued at $486,000 after purchasing an additional 390 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock valued at $616,000 after purchasing an additional 450 shares in the last quarter. Xponance Inc. raised its stake in shares of Tenable by 6.6% in the first quarter. Xponance Inc. now owns 9,021 shares of the company's stock valued at $316,000 after purchasing an additional 562 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Tenable by 1.8% in the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after purchasing an additional 564 shares in the last quarter. 89.06% of the stock is owned by institutional investors.

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.