Raymond Jr. Vicks Sells 809 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Raymond Jr. Vicks sold 809 shares of Tenable stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now owns 8,659 shares in the company, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tenable Trading Down 1.0 %

Shares of NASDAQ:TENB opened at $38.49 on Friday. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50. 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 firm has a market cap of $4.62 billion, a P/E ratio of -75.47 and a beta of 0.85. The company has a 50 day moving average of $41.16 and a 200-day moving average of $41.49.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays decreased their target price on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Piper Sandler dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Robert W. Baird cut their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.63.

Hedge Funds Weigh In On Tenable

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Tenable by 1.8% in the second quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after purchasing an additional 276 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. Xponance Inc. grew its position in Tenable by 5.5% in the 2nd quarter. Xponance Inc. now owns 7,441 shares of the company’s stock worth $324,000 after purchasing an additional 389 shares during the last quarter. Fulton Bank N.A. increased its stake in Tenable by 5.7% during the third quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock valued at $332,000 after acquiring an additional 443 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tenable by 0.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,281 shares of the company’s stock valued at $2,118,000 after purchasing an additional 457 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.