Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) COO Sells 2,209 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,209 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $89,950.48. Following the transaction, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at approximately $1,444,745.60. The trade was a 5.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Tenable Trading Up 0.1 %

Shares of TENB stock traded up $0.03 during trading hours on Wednesday, reaching $40.82. The company’s stock had a trading volume of 569,936 shares, compared to its average volume of 927,158. 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 Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50. The stock has a market capitalization of $4.90 billion, a P/E ratio of -79.65 and a beta of 0.83. The firm’s fifty day simple moving average is $40.88 and its 200 day simple moving average is $41.80.

Institutional Investors Weigh In On Tenable

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on TENB shares. Wells Fargo & Company decreased their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Susquehanna lowered their price objective on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Barclays dropped their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group began coverage on shares of Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Five 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

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.