Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 4,828 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 4,828 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the completion of the sale, the chief executive officer now directly owns 45,171 shares of the company’s stock, valued at approximately $1,839,363.12. The trade was a 9.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amit Yoran also recently made the following trade(s):

• On Monday, August 26th, Amit Yoran sold 5,673 shares of Tenable stock. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75.

Tenable Trading Up 0.1 %

TENB opened at $40.82 on Thursday. The business’s 50 day moving average price is $40.88 and its 200 day moving average price is $41.80. 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 market capitalization of $4.90 billion, a PE ratio of -80.04 and a beta of 0.83. Tenable Holdings, Inc. has a one year low of $35.25 and a one year high of $53.50.

Hedge Funds Weigh In On Tenable

Hedge funds have recently modified their holdings of the business. Tidal Investments LLC boosted its stake in Tenable by 157.8% during the first 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 period. CANADA LIFE ASSURANCE Co boosted its position in shares of Tenable by 21.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 352,468 shares of the company’s stock worth $17,408,000 after purchasing an additional 61,080 shares during the period. Fiera Capital Corp acquired a new stake in Tenable in the 3rd quarter valued at approximately $2,494,000. Bayesian Capital Management LP purchased a new stake in Tenable in the first quarter valued at approximately $1,310,000. Finally, Panagora Asset Management Inc. raised its position in Tenable by 10.1% in the second quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock valued at $16,277,000 after purchasing an additional 34,254 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Truist Financial restated a “buy” rating and set a $55.00 price target (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Wells Fargo & Company decreased their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Barclays dropped their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Susquehanna decreased their price objective on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Finally, Morgan Stanley dropped their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable has an average rating of “Moderate Buy” and an average target price of $50.81.

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.