Tenable (NASDAQ:TENB) Director Sells $2,854,300.00 in Stock

by · The Markets Daily

Tenable Holdings, Inc. (NASDAQ:TENB – Get Free Report) Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tenable Trading Down 0.0%

Tenable stock traded down $0.01 during trading hours on Wednesday, hitting $24.66. The company had a trading volume of 1,744,879 shares, compared to its average volume of 1,169,261. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $2.94 billion, a P/E ratio of -91.33 and a beta of 0.73. The company has a 50-day moving average price of $27.60 and a two-hundred day moving average price of $30.12. Tenable Holdings, Inc. has a 1 year low of $24.24 and a 1 year high of $45.44.

Tenable (NASDAQ:TENB – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $252.44 million for the quarter, compared to the consensus estimate of $247.43 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 11.2% on a year-over-year basis. Tenable has set its FY 2025 guidance at 1.510-1.540 EPS and its Q4 2025 guidance at 0.390-0.430 EPS. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a research report on Wednesday, October 8th. Scotiabank cut their target price on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Canaccord Genuity Group reduced their price target on shares of Tenable from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their price objective on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Finally, Wall Street Zen raised shares of Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.06.

Get Our Latest Analysis on TENB

Institutional Investors Weigh In On Tenable

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Tenable in the 3rd quarter valued at $25,000. Elevation Point Wealth Partners LLC purchased a new stake in Tenable during the 2nd quarter valued at about $37,000. Exchange Traded Concepts LLC acquired a new position in shares of Tenable in the third quarter valued at about $45,000. Horizon Investments LLC purchased a new position in shares of Tenable in the third quarter worth about $45,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Tenable during the third quarter worth about $52,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About Tenable

(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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