Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells $138,758.88 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond sold 3,606 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $38.48, for a total value of $138,758.88. Following the transaction, the chief executive officer now directly owns 74,295 shares in the company, valued at approximately $2,858,871.60. The trade was a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $38.06 on Thursday. 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 1 year low of $35.25 and a 1 year high of $50.30. The firm has a market capitalization of $4.57 billion, a PE ratio of -126.87 and a beta of 0.87. The business’s 50 day moving average price is $40.60 and its 200-day moving average price is $41.01.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tenable

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd grew its holdings in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the period. Arizona State Retirement System lifted its position in 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 buying an additional 332 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Tenable by 3.3% during 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 during the period. Oppenheimer & Co. Inc. increased its position in shares of Tenable by 3.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock valued at $616,000 after acquiring an additional 450 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tenable by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock valued at $2,118,000 after acquiring an additional 457 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of research analyst reports. Scotiabank increased their price target on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Thursday, February 6th. 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. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Finally, Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.