Tenable Holdings, Inc. (NASDAQ:TENB) Director Sells $92,500.00 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now owns 353 shares in the company, valued at $13,061. The trade was a 87.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Tenable Stock Up 2.3 %

NASDAQ TENB opened at $36.06 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $4.34 billion, a PE ratio of -120.20 and a beta of 0.87. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30. The business’s 50-day moving average is $39.81 and its 200 day moving average is $40.60.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) 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%. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently bought and sold shares of TENB. Norges Bank purchased a new stake in Tenable in the fourth quarter worth about $54,950,000. Shapiro Capital Management LLC lifted 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 worth $41,745,000 after buying an additional 918,235 shares during the period. Vanguard Group Inc. lifted its holdings in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after buying an additional 708,249 shares during the period. Readystate Asset Management LP purchased a new stake in Tenable in the third quarter worth about $24,660,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Tenable in the fourth quarter worth about $15,653,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TENB. Jefferies Financial Group raised their price target on Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Morgan Stanley restated 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. Barclays raised 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. Stifel Nicolaus cut Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective 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 assigned a strong buy rating to the stock. Based on data from 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.