Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond Sells 2,209 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,209 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at approximately $1,444,745.60. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Tenable Price Performance

Shares of NASDAQ TENB opened at $40.82 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.90 billion, a PE ratio of -80.04 and a beta of 0.83. The stock’s 50 day moving average price is $40.88 and its 200-day moving average price is $41.80. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50.

Analysts Set New Price Targets

Several equities analysts have issued reports on TENB shares. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Tuesday, October 29th. Barclays reduced their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Robert W. Baird decreased their target price on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus cut their price target on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Wells Fargo & Company decreased their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Five equities research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Hedge Funds Weigh In On Tenable

Several institutional investors have recently bought and sold shares of TENB. Covestor Ltd increased its holdings in Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after acquiring an additional 289 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Tenable by 658.6% in 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 during the period. Quest Partners LLC bought a new stake in shares of Tenable in the second quarter valued at approximately $40,000. Truvestments Capital LLC bought a new position in Tenable in the 3rd quarter worth approximately $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Tenable during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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.