Mark C. Thurmond Sells 2,209 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,209 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $89,950.48. Following the completion of the transaction, the chief operating officer now owns 35,480 shares in the company, valued at approximately $1,444,745.60. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Tenable Stock Up 0.1 %

Shares of NASDAQ:TENB traded up $0.03 during trading on Wednesday, hitting $40.82. 569,936 shares of the company were exchanged, compared to its average volume of 927,158. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -79.65 and a beta of 0.83. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $53.50. The firm has a fifty day moving average price of $40.88 and a two-hundred day moving average price of $41.80. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird dropped 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. Canaccord Genuity Group reduced their target price 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. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Truist Financial reiterated a “buy” rating and issued a $55.00 price target (down from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Finally, Piper Sandler lowered their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Tenable by 84.5% in the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after purchasing an additional 289 shares during the period. Larson Financial Group LLC raised its holdings in Tenable by 658.6% in the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares during the period. Quest Partners LLC acquired a new stake in Tenable during the 2nd quarter worth approximately $40,000. Truvestments Capital LLC bought a new stake in shares of Tenable in the third quarter valued at about $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Tenable in the 2nd quarter valued at about $200,000. Institutional investors 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.