Tenable Holdings, Inc. (NASDAQ:TENB) Insider Sells $32,087.60 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) insider Barron Anschutz sold 970 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.08, for a total value of $32,087.60. Following the sale, the insider owned 58,311 shares of the company's stock, valued at approximately $1,928,927.88. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.
• On Friday, May 23rd, Barron Anschutz sold 1,245 shares of Tenable stock. The shares were sold at an average price of $31.98, for a total value of $39,815.10.

Tenable Price Performance

TENB stock traded down $0.25 during trading on Friday, hitting $33.04. The stock had a trading volume of 1,076,467 shares, compared to its average volume of 1,170,401. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. Tenable Holdings, Inc. has a twelve month low of $28.75 and a twelve month high of $49.18. The stock has a market capitalization of $4.04 billion, a P/E ratio of -89.29 and a beta of 0.80. The company's 50-day moving average price is $32.89 and its two-hundred day moving average price is $35.58.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. The business had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The business's revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. As a group, research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on TENB. Truist Financial cut their target price on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. DA Davidson cut their price target on Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. UBS Group cut their price target on Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Scotiabank cut their price target on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Finally, Needham & Company LLC cut their price target on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Tenable presently has an average rating of "Moderate Buy" and an average target price of $40.78.

Institutional Trading of Tenable

Several institutional investors have recently made changes to their positions in TENB. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Tenable by 858.2% during 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 during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Tenable during the 4th quarter valued at approximately $35,000. Byrne Asset Management LLC raised 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 buying an additional 727 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Tenable during the 4th quarter valued at approximately $53,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Tenable during the 1st quarter valued at approximately $69,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

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.

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