Mark C. Thurmond Sells 2,343 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,343 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $100,139.82. Following the transaction, the chief operating officer now owns 37,188 shares of the company’s stock, valued at $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tenable Trading Down 2.6 %

Shares of NASDAQ:TENB opened at $41.88 on Friday. The firm’s 50 day moving average price is $41.21 and its 200-day moving average price is $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. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd grew its position in shares of Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares during the period. Larson Financial Group LLC lifted its position in Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Quest Partners LLC purchased a new position in Tenable during the second quarter valued at $40,000. Truvestments Capital LLC bought a new stake in Tenable during the third quarter valued at about $171,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Tenable in the second quarter worth about $200,000. 89.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Canaccord Genuity Group cut their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Piper Sandler reduced their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Barclays decreased their price objective on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus cut their target price on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Susquehanna decreased their price target on Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.