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

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

Tenable Stock Up 1.1 %

TENB stock opened at $38.14 on Friday. The firm has a market capitalization of $4.59 billion, a PE ratio of -127.13 and a beta of 0.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $50.30. The stock’s 50 day moving average is $40.44 and its 200-day moving average is $40.95.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share 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 expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Barclays boosted their target price on shares of Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price target (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Jefferies Financial Group upped their price objective on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and reduced their target price for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Tenable by 2.6% in the 3rd quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after buying an additional 73,293 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Tenable by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after acquiring an additional 33,303 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Tenable during the fourth quarter valued at approximately $15,653,000. Nordea Investment Management AB lifted its holdings in Tenable by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after acquiring an additional 25,247 shares during the period. Finally, Fiera Capital Corp purchased a new position in Tenable in the third quarter worth $2,494,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.