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 company’s 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 in the company, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $40.72, for a total value of $196,596.16.

Tenable Trading Up 0.6 %

Shares of NASDAQ TENB traded up $0.27 during midday trading on Tuesday, hitting $43.01. The stock had a trading volume of 513,064 shares, compared to its average volume of 924,623. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of -83.80 and a beta of 0.83. The company has a fifty day moving average price of $41.07 and a 200 day moving average price of $41.70.

Wall Street Analyst Weigh In

A number of analysts recently commented on TENB shares. Canaccord Genuity Group dropped their price objective on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Tuesday, October 29th. Scotiabank lowered their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Finally, Barclays reduced their price target on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given 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 Trading of Tenable

Several large investors have recently bought and sold shares of TENB. Tidal Investments LLC grew its holdings in Tenable by 157.8% during the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after purchasing an additional 14,244 shares in the last quarter. Fiera Capital Corp purchased a new position in Tenable in the 3rd quarter valued at about $2,494,000. Bayesian Capital Management LP acquired a new stake in Tenable during the 1st quarter valued at approximately $1,310,000. Panagora Asset Management Inc. grew its position in shares of Tenable by 10.1% during the second quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock worth $16,277,000 after buying an additional 34,254 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Tenable by 51.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company’s stock worth $1,895,000 after acquiring an additional 15,794 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.