Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond Sells 3,606 Shares

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

Tenable Trading Down 1.7 %

NASDAQ TENB opened at $38.06 on Thursday. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $50.30. The company’s 50-day moving average price is $40.60 and its 200-day moving average price is $41.01. The stock has a market cap of $4.57 billion, a PE ratio of -126.87 and a beta of 0.87. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TENB. Piper Sandler decreased their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Barclays lifted their target price on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $47.00 target price (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.67.

Institutional Investors Weigh In On Tenable

Several hedge funds have recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the period. Arizona State Retirement System raised its holdings in shares of Tenable by 1.0% in the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock valued at $1,361,000 after purchasing an additional 332 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of 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 during the period. Oppenheimer & Co. Inc. increased its holdings in 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 buying an additional 450 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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 buying an additional 457 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.