Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells $114,056.72 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the sale, the chief financial officer now directly owns 281,536 shares of the company’s stock, valued at $11,464,145.92. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tenable Stock Performance

NASDAQ TENB traded up $0.03 during trading hours on Wednesday, hitting $40.82. The company’s stock had a trading volume of 569,936 shares, compared to its average volume of 927,158. The company’s 50 day simple moving average is $40.88 and its two-hundred day simple moving average is $41.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $4.90 billion, a P/E ratio of -79.65 and a beta of 0.83. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50.

Wall Street Analyst Weigh In

Several research firms have weighed in on TENB. Barclays lowered their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $55.00 price target (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Morgan Stanley dropped their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company cut their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $56.00 to $40.00 in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.81.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Tenable by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after acquiring an additional 276 shares during the period. Covestor Ltd boosted its position in shares of Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after purchasing an additional 289 shares during the period. Xponance Inc. increased its stake in shares of Tenable by 5.5% in the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after purchasing an additional 389 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Tenable by 5.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after buying an additional 443 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 period. 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.