Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond Sells 1,341 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the sale, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Tenable Stock Down 0.4 %

Tenable stock opened at $38.37 on Friday. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $50.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50-day simple moving average is $40.74 and its 200 day simple moving average is $41.04.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Equities analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Tenable

A number of hedge funds have recently made changes to their positions in the business. Covestor Ltd grew its position in Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares during the period. Arizona State Retirement System grew its position in shares of Tenable by 1.0% during the 4th quarter. Arizona State Retirement System now owns 34,560 shares of the company’s stock valued at $1,361,000 after acquiring an additional 332 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company’s stock worth $486,000 after purchasing an additional 390 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Tenable by 3.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock worth $616,000 after purchasing an additional 450 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tenable by 0.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock valued at $2,118,000 after purchasing an additional 457 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TENB. Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and reduced their target price for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Jefferies Financial Group upped their target price on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Barclays increased their target price on Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, Robert W. Baird decreased their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.67.

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.