Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 1,341 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the sale, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tenable Price Performance

TENB stock traded down $0.16 during trading on Friday, hitting $38.37. The stock had a trading volume of 1,458,983 shares, compared to its average volume of 1,163,828. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $50.30. The stock has a market capitalization of $4.61 billion, a P/E ratio of -127.90 and a beta of 0.87. The company's 50-day moving average price is $40.74 and its two-hundred day moving average price is $41.04.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd lifted its stake in Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company's stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Arizona State Retirement System lifted its stake 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 stake in Tenable by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after purchasing an additional 390 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Tenable by 3.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock worth $616,000 after purchasing an additional 450 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tenable by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company's stock worth $2,118,000 after purchasing an additional 457 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TENB shares. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. Scotiabank raised their target price on Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Stifel Nicolaus lowered Tenable from a "buy" rating to a "hold" rating and reduced their target price for the stock from $46.00 to $45.00 in a research note on Friday, January 17th. Jefferies Financial Group raised their target price on Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Finally, Robert W. Baird reduced their target price on Tenable from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.67.

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.