Tenable Holdings, Inc. (NASDAQ:TENB) CEO Stephen A. Vintz Sells 6,681 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Stephen A. Vintz sold 6,681 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now owns 316,523 shares of the company’s stock, valued at $12,078,517.68. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tenable Price Performance

Shares of Tenable stock opened at $38.14 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $4.58 billion, a PE ratio of -127.13 and a beta of 0.87. The business’s 50-day moving average price is $40.50 and its 200-day moving average price is $40.97. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $50.30.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of large investors have recently made changes to their positions in TENB. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock worth $25,000 after buying an additional 575 shares during the last quarter. Covestor Ltd boosted its position in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Tenable during the fourth quarter valued at approximately $35,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Tenable during the fourth quarter valued at approximately $38,000. 89.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TENB has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price objective on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Scotiabank upped their price target on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Barclays upped their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Tenable in a research report on Thursday, February 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $47.00 price target (down previously from $50.00) on shares of Tenable in a research report on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tenable has a consensus rating of “Moderate Buy” and an average 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.