Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells $135,913.20 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 3,180 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $135,913.20. Following the transaction, the chief financial officer now owns 285,045 shares in the company, valued at approximately $12,182,823.30. This trade represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tenable Price Performance

TENB stock traded up $0.27 during midday trading on Tuesday, hitting $43.01. 513,064 shares of the stock were exchanged, compared to its average volume of 924,623. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of -83.80 and a beta of 0.83. The stock’s 50-day moving average price is $41.07 and its 200-day moving average price is $41.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Wall Street Analyst Weigh In

TENB has been the topic of a number of recent research reports. Canaccord Genuity Group dropped their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Scotiabank lowered their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Piper Sandler reduced their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Truist Financial reiterated a “buy” rating and issued a $55.00 target price (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Finally, Jefferies Financial Group began coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target for the company. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and a consensus target price of $50.81.

Institutional Investors Weigh In On Tenable

Several institutional investors and hedge funds have recently made changes to their positions in TENB. Principal Financial Group Inc. grew its holdings in Tenable by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after buying an additional 276 shares during the last quarter. Covestor Ltd lifted its position in shares of Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares in the last quarter. Xponance Inc. boosted its stake in shares of Tenable by 5.5% during the second quarter. Xponance Inc. now owns 7,441 shares of the company’s stock valued at $324,000 after acquiring an additional 389 shares during the last quarter. Fulton Bank N.A. increased its position in Tenable by 5.7% during the 3rd quarter. Fulton Bank N.A. now owns 8,202 shares of the company’s stock worth $332,000 after purchasing an additional 443 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tenable by 0.9% in the 3rd 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 during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

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.