Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells 3,180 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 3,180 shares of Tenable stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $135,913.20. Following the completion of the transaction, the chief financial officer now directly owns 285,045 shares of the company’s stock, valued at $12,182,823.30. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tenable Trading Up 0.6 %

TENB stock traded up $0.27 during trading on Tuesday, reaching $43.01. 513,064 shares of the stock were exchanged, compared to its average volume of 924,623. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -83.80 and a beta of 0.83. The business has a 50 day moving average price of $41.07 and a 200-day moving average price of $41.70. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Hedge Funds Weigh In On Tenable

A number of hedge funds and other institutional investors have recently bought and sold shares of TENB. American International Group Inc. lifted its holdings in Tenable by 1.0% during the 1st quarter. American International Group Inc. now owns 57,385 shares of the company’s stock worth $2,837,000 after buying an additional 592 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Tenable in the first quarter valued at $300,000. Price T Rowe Associates Inc. MD grew its stake in Tenable by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company’s stock worth $44,426,000 after purchasing an additional 7,258 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Tenable in the first quarter valued at approximately $1,310,000. Finally, Tidal Investments LLC lifted its position in shares of Tenable by 157.8% during the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock worth $1,150,000 after buying an additional 14,244 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TENB. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th. Stifel Nicolaus dropped their price target on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Scotiabank reduced their price objective on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Morgan Stanley dropped their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price target 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. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.81.

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.