Amit Yoran Sells 5,359 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 5,359 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $43.18, for a total value of $231,401.62. Following the sale, the chief executive officer now directly owns 367,911 shares of the company’s stock, valued at $15,886,396.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, May 20th, Amit Yoran sold 4,851 shares of Tenable stock. The shares were sold at an average price of $43.76, for a total value of $212,279.76.
• On Tuesday, March 19th, Amit Yoran sold 10,000 shares of Tenable stock. The stock was sold at an average price of $47.65, for a total value of $476,500.00.

Tenable Stock Down 1.6 %

Shares of TENB opened at $41.87 on Friday. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. The business has a 50-day moving average of $45.88 and a 200-day moving average of $45.65.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $215.96 million during the quarter, compared to the consensus estimate of $213.56 million. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. Equities research analysts anticipate that Tenable Holdings, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

TENB has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $65.00 price target on shares of Tenable in a research note on Thursday, May 2nd. Truist Financial raised their price target on Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Scotiabank started coverage on Tenable in a research note on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price objective on the stock. Wells Fargo & Company lifted their price target on Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Susquehanna lifted their price target on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and an average price target of $57.20.

Institutional Investors Weigh In On Tenable

Hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new stake in Tenable in the third quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in shares of Tenable during the fourth quarter valued at approximately $35,000. Fidelis Capital Partners LLC bought a new stake in shares of Tenable during the first quarter valued at approximately $58,000. Verity & Verity LLC bought a new stake in shares of Tenable during the first quarter valued at approximately $127,000. Finally, SG Americas Securities LLC bought a new stake in shares of Tenable during the fourth quarter valued at approximately $127,000. 89.06% of the stock is currently owned by institutional investors.

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.