Amit Yoran Sells 4,828 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 4,828 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 26th, Amit Yoran sold 5,673 shares of Tenable stock. The shares were sold at an average price of $41.75, for a total value of $236,847.75.

Tenable Stock Up 2.5 %

Tenable stock opened at $41.86 on Friday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -80.04 and a beta of 0.83. The firm has a fifty day moving average price of $40.91 and a two-hundred day moving average price of $41.79. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial reissued a “buy” rating and set a $55.00 target price (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Susquehanna decreased their target price on shares of Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research report on Thursday, August 1st. Robert W. Baird decreased their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Tuesday, October 29th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tenable currently has an average rating of “Moderate Buy” and an average target price of $50.81.

Institutional Trading of Tenable

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP acquired a new stake in Tenable in the 3rd quarter worth $24,660,000. Mackenzie Financial Corp boosted its stake in Tenable by 12.7% in the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after buying an additional 471,126 shares in the last quarter. FMR LLC lifted its holdings in shares of Tenable by 2.0% during the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after acquiring an additional 305,334 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Tenable by 28.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after purchasing an additional 201,366 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Tenable by 37.7% in the second quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock valued at $31,335,000 after buying an additional 196,810 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Company Profile

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.