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 the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $135,913.20. Following the transaction, the chief financial officer now owns 285,045 shares of the company’s stock, valued at approximately $12,182,823.30. This trade represents a 1.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Tenable Stock Down 2.6 %

NASDAQ TENB opened at $41.88 on Friday. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. The stock has a fifty day simple moving average of $41.21 and a 200-day simple moving average of $41.69. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Canaccord Genuity Group dropped their target price on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Truist Financial reissued a “buy” rating and issued a $55.00 price target (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Finally, Jefferies Financial Group started coverage on shares of Tenable in a research note on Wednesday, October 16th. They set a “hold” rating and a $45.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Institutional Investors Weigh In On Tenable

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its position in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares during the period. Larson Financial Group LLC lifted its stake in Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Quest Partners LLC purchased a new position in Tenable during the 2nd quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in Tenable in the 3rd quarter valued at about $171,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Tenable during the second quarter worth about $200,000. 89.06% of the stock is 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.