Tenable Holdings, Inc. (NASDAQ:TENB) COO Sells $102,379.78 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,371 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $43.18, for a total transaction of $102,379.78. Following the completion of the transaction, the chief operating officer now directly owns 32,017 shares of the company’s stock, valued at approximately $1,382,494.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tenable Stock Down 1.6 %

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

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The firm had revenue of $215.96 million for the quarter, compared to analyst estimates of $213.56 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. Sell-side analysts anticipate that Tenable Holdings, Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Tenable

A number of large investors have recently made changes to their positions in TENB. NBC Securities Inc. purchased a new stake in Tenable in the third quarter valued at $27,000. Principal Securities Inc. purchased a new stake in Tenable in the fourth quarter valued at $35,000. Fidelis Capital Partners LLC purchased a new stake in Tenable in the first quarter valued at $58,000. Verity & Verity LLC purchased a new stake in Tenable in the first quarter valued at $127,000. Finally, SG Americas Securities LLC purchased a new stake in Tenable in the fourth quarter valued at $127,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a research note on Thursday, May 2nd. Susquehanna upped their price target on Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Truist Financial upped 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Tenable in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

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.