Tenable Holdings, Inc. (NASDAQ:TENB) Director Sells $92,500.00 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the transaction, the director now owns 353 shares of the company’s stock, valued at approximately $13,061. The trade was a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Tenable Trading Up 2.3 %

Shares of NASDAQ:TENB opened at $36.06 on Friday. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -120.20 and a beta of 0.87. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $50.30. The company has a 50 day moving average price of $39.81 and a 200 day moving average price of $40.60. 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 issued its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Tenable in a research note on Thursday, February 6th. Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $45.00 in a report on Friday, January 17th. Morgan Stanley reissued an “equal weight” rating and set a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Jefferies Financial Group raised their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Finally, Scotiabank boosted their price objective on Tenable from $44.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.67.

Institutional Trading of Tenable

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock worth $118,058,000 after acquiring an additional 73,293 shares in the last quarter. Geode Capital Management LLC raised its stake in Tenable by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock valued at $113,255,000 after purchasing an additional 33,303 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Tenable in the fourth quarter valued at $15,653,000. Nordea Investment Management AB boosted its position in shares of Tenable by 10.4% in the fourth quarter. Nordea Investment Management AB now owns 267,519 shares of the company’s stock worth $10,489,000 after buying an additional 25,247 shares during the period. Finally, Barclays PLC grew its holdings in shares of Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company’s stock valued at $29,646,000 after buying an additional 177,048 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.