Stephen A. Vintz Sells 6,681 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Stephen A. Vintz sold 6,681 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tenable Price Performance

NASDAQ:TENB traded up $0.40 during mid-day trading on Friday, hitting $38.14. 1,225,233 shares of the company’s stock traded hands, compared to its average volume of 1,134,129. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $50.30. The company has a market cap of $4.58 billion, a PE ratio of -127.13 and a beta of 0.87. The firm’s 50 day simple moving average is $40.50 and its 200 day simple moving average is $40.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TENB. Stifel Nicolaus downgraded shares of Tenable from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Jefferies Financial Group upped their price target on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Piper Sandler reduced their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and set a $47.00 price target (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Finally, Scotiabank increased their price objective on shares of Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.67.

Institutional Trading of Tenable

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 575 shares during the period. Covestor Ltd raised its position in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after acquiring an additional 289 shares in the last quarter. Larson Financial Group LLC raised its position in Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Tenable in the fourth quarter worth about $35,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Tenable during the 4th quarter worth about $38,000. Institutional investors 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.