Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 5,293 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 5,293 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the transaction, the chief executive officer now directly owns 51,691 shares in the company, valued at approximately $2,209,273.34. This represents a 9.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amit Yoran also recently made the following trade(s):

• On Tuesday, November 19th, Amit Yoran sold 4,828 shares of Tenable stock. The shares were sold at an average price of $40.72, for a total value of $196,596.16.

Tenable Price Performance

Shares of NASDAQ TENB opened at $41.88 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $41.13 and its 200 day moving average price is $41.69. Tenable Holdings, Inc. has a 52 week low of $35.25 and a 52 week high of $53.50. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of -82.12 and a beta of 0.83.

Institutional Trading of Tenable

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. raised its position in shares of Tenable by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 448,586 shares of the company’s stock worth $18,984,000 after purchasing an additional 30,530 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Tenable by 19.4% in the third quarter. Tidal Investments LLC now owns 31,518 shares of the company’s stock worth $1,277,000 after acquiring an additional 5,116 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Tenable in the third quarter valued at $282,000. Geode Capital Management LLC boosted its stake in shares of Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after acquiring an additional 33,303 shares during the last quarter. Finally, Barclays PLC increased its position in Tenable by 31.9% during the 3rd quarter. Barclays PLC now owns 731,626 shares of the company’s stock worth $29,646,000 after purchasing an additional 177,048 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on TENB. Robert W. Baird decreased their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Jefferies Financial Group began coverage on shares of Tenable in a research note on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target on the stock. DA Davidson downgraded shares of Tenable from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $56.00 to $40.00 in a research report on Thursday, August 1st. Finally, Morgan Stanley dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and an average price target of $50.81.

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.