Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz Sells 2,801 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 2,801 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total value of $114,056.72. Following the completion of the sale, the chief financial officer now directly owns 281,536 shares in the company, valued at approximately $11,464,145.92. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tenable Stock Up 0.1 %

Shares of Tenable stock opened at $40.82 on Thursday. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day moving average of $40.88 and a 200 day moving average of $41.80. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -80.04 and a beta of 0.83.

Analysts Set New Price Targets

A number of research firms have commented on TENB. DA Davidson cut shares of Tenable from a “buy” rating to a “neutral” rating and cut their price target for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Jefferies Financial Group assumed coverage on Tenable in a research note on Wednesday, October 16th. They issued a “hold” rating and a $45.00 target price on the stock. Wells Fargo & Company dropped their price target on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Morgan Stanley dropped their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Truist Financial restated a “buy” rating and issued a $55.00 price objective (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tenable currently has an average rating of “Moderate Buy” and an average target price of $50.81.

Institutional Investors Weigh In On Tenable

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC grew its stake 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 during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Tenable by 21.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 352,468 shares of the company’s stock worth $17,408,000 after acquiring an additional 61,080 shares during the last quarter. Fiera Capital Corp bought a new position in shares of Tenable during the third quarter valued at $2,494,000. Bayesian Capital Management LP purchased a new position in shares of Tenable in the 1st quarter worth about $1,310,000. Finally, Panagora Asset Management Inc. raised its position in shares of Tenable by 10.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock worth $16,277,000 after purchasing an additional 34,254 shares during the last quarter. Hedge funds and other 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.