Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells $196,596.16 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 4,828 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $196,596.16. Following the transaction, the chief executive officer now directly owns 45,171 shares in the company, valued at approximately $1,839,363.12. This represents a 9.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 26th, Amit Yoran sold 5,673 shares of Tenable stock. The shares were sold at an average price of $41.75, for a total value of $236,847.75.

Tenable Stock Up 0.1 %

Shares of NASDAQ TENB traded up $0.03 during trading on Wednesday, reaching $40.82. The company had a trading volume of 569,936 shares, compared to its average volume of 927,158. The stock has a market cap of $4.90 billion, a PE ratio of -79.65 and a beta of 0.83. 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 business’s 50-day moving average is $40.88 and its 200 day moving average is $41.80. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50.

Institutional Investors Weigh In On Tenable

A number of large investors have recently added to or reduced their stakes in TENB. Tidal Investments LLC increased its holdings in Tenable by 157.8% during the first quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after buying an additional 14,244 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Tenable by 21.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 352,468 shares of the company’s stock worth $17,408,000 after purchasing an additional 61,080 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of Tenable in the third quarter worth $2,494,000. Bayesian Capital Management LP bought a new stake in shares of Tenable in the first quarter worth about $1,310,000. Finally, Panagora Asset Management Inc. grew its holdings in Tenable by 10.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock valued at $16,277,000 after buying an additional 34,254 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Susquehanna reduced their target price on Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a report on Thursday, August 1st. Jefferies Financial Group assumed coverage on shares of Tenable in a research report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price objective on the stock. Scotiabank lowered their target price on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird decreased their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley cut their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.