Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) COO Sells $89,950.48 in Stock

by · The Markets Daily

Tenable Holdings, Inc. (NASDAQ:TENB – Get Free Report) COO Mark C. Thurmond sold 2,209 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $89,950.48. Following the transaction, the chief operating officer now directly owns 35,480 shares of the company’s stock, valued at $1,444,745.60. This represents a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Tenable Stock Up 1.4 %

Shares of Tenable stock opened at $42.44 on Friday. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. 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 firm’s 50-day moving average price is $40.96 and its two-hundred day moving average price is $41.79.

Institutional Trading of Tenable

Several hedge funds have recently modified their holdings of TENB. Covestor Ltd grew its stake in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of 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 during the last quarter. Quest Partners LLC bought a new stake in shares of Tenable during the second quarter valued at approximately $40,000. Truvestments Capital LLC bought a new stake in shares of Tenable during the third quarter valued at approximately $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Tenable during the second quarter valued at approximately $200,000. 89.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TENB shares. Robert W. Baird cut their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company cut their price objective on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Scotiabank cut their price objective on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. DA Davidson cut shares of Tenable from a “buy” rating to a “neutral” rating and lowered their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Tenable currently has an average rating of “Moderate Buy” and a consensus target price of $50.81.

Read Our Latest Analysis on Tenable

Tenable Company Profile

(Get Free Report)

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.

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