Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond Sells 1,341 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond sold 1,341 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares of the company’s stock, valued at $1,632,482.96. This trade represents a 3.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tenable Stock Down 3.2 %

NASDAQ:TENB traded down $1.28 during trading hours on Thursday, reaching $38.53. The company’s stock had a trading volume of 938,962 shares, compared to its average volume of 1,108,166. The company has a market capitalization of $4.63 billion, a P/E ratio of -128.43 and a beta of 0.87. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $50.30. 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 50 day moving average price of $40.89 and a two-hundred day moving average price of $41.06.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stifel Nicolaus lowered Tenable from a “buy” rating to a “hold” rating and dropped their target price for the company from $46.00 to $45.00 in a research report on Friday, January 17th. Robert W. Baird dropped their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Tenable in a research report on Thursday, February 6th. Piper Sandler dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Scotiabank boosted their target price on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.67.

Hedge Funds Weigh In On Tenable

A number of large investors have recently made changes to their positions in TENB. Creative Planning increased its position in shares of Tenable by 24.6% during the third quarter. Creative Planning now owns 11,888 shares of the company’s stock worth $482,000 after purchasing an additional 2,347 shares in the last quarter. Tempus Wealth Planning LLC acquired a new position in shares of Tenable during the third quarter worth $285,000. Vanderbilt University increased its position in shares of Tenable by 7.2% during the third quarter. Vanderbilt University now owns 138,849 shares of the company’s stock worth $5,626,000 after purchasing an additional 9,273 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Tenable by 1.0% during the third quarter. Pinnacle Associates Ltd. now owns 294,080 shares of the company’s stock worth $11,916,000 after purchasing an additional 3,004 shares in the last quarter. Finally, Janney Capital Management LLC increased its position in shares of Tenable by 34.0% during the third quarter. Janney Capital Management LLC now owns 7,551 shares of the company’s stock worth $306,000 after purchasing an additional 1,914 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

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.