Tenable (NASDAQ:TENB) CAO Barron Anschutz Sells 10,000 Shares of Company Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CAO Barron Anschutz sold 10,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $51.00, for a total value of $510,000.00. Following the transaction, the chief accounting officer directly owned 66,077 shares in the company, valued at approximately $3,369,927. This represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Tenable Stock Up 0.7%

Shares of TENB opened at $47.34 on Thursday. The business’s fifty day moving average price is $38.84 and its two-hundred day moving average price is $29.14. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 364.18 and a beta of 0.89. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $53.22. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 1.04.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $276.39 million during the quarter, compared to the consensus estimate of $271.58 million. Tenable had a return on equity of 28.72% and a net margin of 1.48%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, analysts predict that Tenable Holdings, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TENB. JPMorgan Chase & Co. upped their target price on shares of Tenable from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Stifel Nicolaus lifted their price target on shares of Tenable from $31.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Cantor Fitzgerald lifted their price target on shares of Tenable from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Barclays boosted their price target on shares of Tenable from $38.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Finally, Wedbush increased their price objective on shares of Tenable from $29.00 to $35.00 and gave the company an “underperform” rating in a report on Thursday, October 29th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Tenable currently has an average rating of “Hold” and a consensus price target of $46.25.

Institutional Investors Weigh In On Tenable

A number of institutional investors have recently made changes to their positions in TENB. Fulcrum Asset Management LLP increased its stake in shares of Tenable by 143.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,910 shares of the company’s stock valued at $67,000 after acquiring an additional 1,124 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Tenable during the 3rd quarter worth approximately $303,000. Chicago Partners Investment Group LLC bought a new position in Tenable during the 3rd quarter worth approximately $212,000. Oregon Public Employees Retirement Fund acquired a new position in Tenable during the third quarter valued at approximately $899,000. Finally, Salomon & Ludwin LLC acquired a new position in Tenable during the third quarter valued at approximately $29,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.