Stephen A. Vintz Sells 2,801 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 2,801 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of the transaction, the chief financial officer now directly owns 281,536 shares in the company, valued at $11,464,145.92. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Tenable Stock Up 0.1 %

TENB opened at $40.82 on Thursday. 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 quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -80.04 and a beta of 0.83. The firm’s fifty day moving average is $40.88 and its 200 day moving average is $41.80.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TENB. Barclays decreased their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Truist Financial reiterated a “buy” rating and issued a $55.00 price target (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Piper Sandler decreased their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Robert W. Baird lowered their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus cut their price target on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.81.

Hedge Funds Weigh In On Tenable

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Tenable during the 3rd quarter valued at approximately $282,000. Geode Capital Management LLC grew its holdings in Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after buying an additional 33,303 shares in the last quarter. Barclays PLC raised its position in shares of Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after buying an additional 177,048 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Tenable by 25.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 22,894 shares of the company’s stock worth $928,000 after buying an additional 4,574 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in shares of Tenable during the third quarter worth $206,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.