Mark C. Thurmond Sells 2,343 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,343 shares of Tenable stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $100,139.82. Following the transaction, the chief operating officer now owns 37,188 shares in the company, valued at approximately $1,589,415.12. This trade represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tenable Stock Down 2.6 %

Shares of Tenable stock opened at $41.88 on Thursday. The stock has a 50-day simple moving average of $41.13 and a 200-day simple moving average of $41.69. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -82.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TENB shares. Wells Fargo & Company reduced their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. DA Davidson lowered Tenable from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Scotiabank reduced their price objective on Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus reduced their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Robert W. Baird reduced their price objective on Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Five 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, Tenable presently has an average rating of “Moderate Buy” and an average price target of $50.81.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TENB. Readystate Asset Management LP bought a new stake in Tenable in the third quarter worth $24,660,000. Mackenzie Financial Corp boosted its holdings in Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after purchasing an additional 471,126 shares in the last quarter. FMR LLC boosted its holdings in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after purchasing an additional 305,334 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Tenable by 28.0% in the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after purchasing an additional 201,366 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Tenable by 37.7% in the second quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock worth $31,335,000 after purchasing an additional 196,810 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Company Profile

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.