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

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

Tenable Stock Down 0.8 %

Tenable stock opened at $37.74 on Friday. The firm has a market capitalization of $4.53 billion, a P/E ratio of -125.80 and a beta of 0.87. The stock’s fifty day simple moving average is $40.56 and its 200-day simple moving average is $40.99. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $50.30. 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 issued 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 return on equity of 2.07% and a negative net margin of 4.03%. As a group, equities analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of Tenable

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Tenable during the 4th quarter worth $54,950,000. Shapiro Capital Management LLC increased its holdings in Tenable by 647.5% in the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company’s stock valued at $41,745,000 after buying an additional 918,235 shares during the last quarter. Vanguard Group Inc. raised its stake in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock valued at $549,234,000 after buying an additional 708,249 shares in the last quarter. Readystate Asset Management LP purchased a new stake in Tenable during the 3rd quarter worth about $24,660,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Tenable during the 4th quarter worth about $15,653,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TENB shares. Barclays lifted their target price on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Scotiabank raised their price objective on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group upped their target price on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Piper Sandler dropped their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.67.

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.