Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells 3,180 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 3,180 shares of Tenable stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $135,913.20. Following the transaction, the chief financial officer now owns 285,045 shares in the company, valued at $12,182,823.30. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Tenable Stock Down 2.6 %

Shares of Tenable stock opened at $41.88 on Thursday. 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 fifty-two week low of $35.25 and a fifty-two week high of $53.50. The business has a 50-day moving average price of $41.13 and a 200 day moving average price of $41.69. The firm has a market cap of $5.03 billion, a P/E ratio of -82.12 and a beta of 0.83.

Hedge Funds Weigh In On Tenable

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd lifted its stake in Tenable by 84.5% in 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 last quarter. Larson Financial Group LLC increased its holdings in shares of Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the period. Quest Partners LLC bought a new stake in Tenable in the 2nd quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in Tenable during the 3rd quarter valued at about $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Tenable in the 2nd quarter worth about $200,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on TENB shares. Stifel Nicolaus reduced their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Scotiabank reduced their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Barclays dropped their price objective on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Finally, DA Davidson downgraded shares of Tenable from a “buy” rating to a “neutral” rating and decreased their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.