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 stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the sale, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at $2,209,273.34. The trade was a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $196,596.16.

Tenable Price Performance

Shares of TENB traded up $0.27 during trading hours on Tuesday, reaching $43.01. The company had a trading volume of 513,064 shares, compared to its average volume of 924,623. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50. The firm has a 50 day simple moving average of $41.07 and a 200-day simple moving average of $41.70. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of -83.80 and a beta of 0.83.

Analyst Ratings Changes

TENB has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price target on Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Jefferies Financial Group assumed coverage on Tenable in a research note on Wednesday, October 16th. They set a “hold” rating and a $45.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Tuesday, October 29th. Finally, Westpark Capital reissued a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Five investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TENB. American International Group Inc. grew its holdings in shares of Tenable by 1.0% in the 1st quarter. American International Group Inc. now owns 57,385 shares of the company’s stock worth $2,837,000 after acquiring an additional 592 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Tenable in the first quarter valued at $300,000. Price T Rowe Associates Inc. MD raised its stake in shares of Tenable by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 898,744 shares of the company’s stock worth $44,426,000 after buying an additional 7,258 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Tenable in the 1st quarter worth about $1,310,000. Finally, Tidal Investments LLC boosted its position in shares of Tenable by 157.8% in the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock worth $1,150,000 after buying an additional 14,244 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

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.