Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran Sells 40,000 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 40,000 shares of Tenable stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total value of $1,908,800.00. Following the completion of the sale, the chief executive officer now directly owns 387,356 shares of the company’s stock, valued at $18,484,628.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Amit Yoran also recently made the following trade(s):

• On Thursday, May 23rd, Amit Yoran sold 5,359 shares of Tenable stock. The shares were sold at an average price of $43.18, for a total value of $231,401.62.
• On Monday, May 20th, Amit Yoran sold 4,851 shares of Tenable stock. The stock was sold at an average price of $43.76, for a total value of $212,279.76.

Tenable Stock Down 7.5 %

Shares of Tenable stock traded down $3.44 on Thursday, hitting $42.48. The company had a trading volume of 5,027,499 shares, compared to its average volume of 972,306. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a 50-day moving average of $42.45 and a 200-day moving average of $45.52. The firm has a market capitalization of $5.05 billion, a P/E ratio of -73.24 and a beta of 0.86.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The firm had revenue of $215.96 million during the quarter, compared to analysts’ expectations of $213.56 million. Research analysts predict that Tenable Holdings, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Tenable in the fourth quarter worth $35,000. Fidelis Capital Partners LLC bought a new stake in Tenable during the 1st quarter worth about $58,000. SG Americas Securities LLC acquired a new position in shares of Tenable during the 4th quarter worth about $127,000. Verity & Verity LLC bought a new position in shares of Tenable in the 1st quarter valued at about $127,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after acquiring an additional 312 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TENB shares. Stifel Nicolaus cut their price objective on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank reduced their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday. Barclays decreased their price objective on Tenable from $57.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday. Westpark Capital reissued a “buy” rating and issued a $54.00 target price on shares of Tenable in a research note on Monday. Finally, Baird R W upgraded Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.00.

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.