Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells $226,222.82 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 5,293 shares of Tenable stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the transaction, the chief executive officer now directly owns 51,691 shares in the company, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Amit Yoran also recently made the following trade(s):

• On Tuesday, November 19th, Amit Yoran sold 4,828 shares of Tenable stock. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16.

Tenable Stock Up 0.6 %

TENB opened at $43.01 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The company has a 50 day moving average of $41.07 and a 200 day moving average of $41.70.

Institutional Investors Weigh In On Tenable

Several hedge funds and other institutional investors have recently modified their holdings of TENB. American International Group Inc. increased its holdings in Tenable by 1.0% during the 1st quarter. American International Group Inc. now owns 57,385 shares of the company’s stock worth $2,837,000 after acquiring an additional 592 shares during the period. Quadrature Capital Ltd bought a new position in shares of Tenable in the first quarter worth $300,000. Price T Rowe Associates Inc. MD raised its position in shares of Tenable by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company’s stock worth $44,426,000 after buying an additional 7,258 shares in the last quarter. Bayesian Capital Management LP bought a new stake in Tenable during the first quarter valued at $1,310,000. Finally, Tidal Investments LLC grew its position in Tenable by 157.8% during the first quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock worth $1,150,000 after buying an additional 14,244 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Canaccord Genuity Group cut their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Stifel Nicolaus decreased their price target on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Morgan Stanley cut their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Piper Sandler decreased their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Five investment 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 MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and a consensus target price of $50.81.

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.