Tenable Holdings Inc (NASDAQ:TENB) Major Shareholder Sells $3,983,287.44 in Stock

Tenable Holdings Inc (NASDAQ:TENB) major shareholder Insight Holdings Group, Llc sold 127,506 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $31.24, for a total value of $3,983,287.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

  • On Monday, July 13th, Insight Holdings Group, Llc sold 1,828 shares of Tenable stock. The shares were sold at an average price of $31.08, for a total value of $56,814.24.
  • On Tuesday, June 9th, Insight Holdings Group, Llc sold 131,020 shares of Tenable stock. The shares were sold at an average price of $29.67, for a total value of $3,887,363.40.
  • On Thursday, June 4th, Insight Holdings Group, Llc sold 32,981 shares of Tenable stock. The shares were sold at an average price of $30.07, for a total value of $991,738.67.
  • On Tuesday, June 2nd, Insight Holdings Group, Llc sold 42,245 shares of Tenable stock. The shares were sold at an average price of $30.26, for a total value of $1,278,333.70.
  • On Friday, May 22nd, Insight Holdings Group, Llc sold 633,599 shares of Tenable stock. The shares were sold at an average price of $29.19, for a total value of $18,494,754.81.
  • On Wednesday, May 20th, Insight Holdings Group, Llc sold 64,003 shares of Tenable stock. The stock was sold at an average price of $29.75, for a total value of $1,904,089.25.

Shares of TENB opened at $29.13 on Thursday. The company has a market capitalization of $2.92 billion, a PE ratio of -28.28 and a beta of 1.87. Tenable Holdings Inc has a 12 month low of $16.28 and a 12 month high of $32.10. The stock’s 50-day moving average price is $30.11 and its two-hundred day moving average price is $26.21. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.10. Tenable had a negative return on equity of 76.21% and a negative net margin of 26.68%. The firm had revenue of $102.60 million during the quarter, compared to analyst estimates of $100.07 million. During the same period last year, the company posted ($0.13) EPS. The business’s quarterly revenue was up 27.8% on a year-over-year basis. Equities research analysts predict that Tenable Holdings Inc will post -0.85 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. AXA bought a new stake in Tenable in the 1st quarter valued at about $3,890,000. Alliancebernstein L.P. boosted its stake in shares of Tenable by 2.5% in the 1st quarter. Alliancebernstein L.P. now owns 59,360 shares of the company’s stock worth $1,298,000 after buying an additional 1,460 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Tenable by 20.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 393,324 shares of the company’s stock worth $8,598,000 after buying an additional 65,504 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Tenable by 134.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 32,953 shares of the company’s stock worth $720,000 after buying an additional 18,924 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Tenable by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 582,151 shares of the company’s stock worth $13,948,000 after buying an additional 23,465 shares during the last quarter. 69.96% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on TENB. Zacks Investment Research lowered Tenable from a “buy” rating to a “hold” rating in a research note on Tuesday, June 30th. BidaskClub lowered Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Cowen lowered their price objective on Tenable from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Goldman Sachs Group assumed coverage on Tenable in a research note on Tuesday, March 24th. They set a “buy” rating and a $29.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Tenable from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $33.00.

About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.

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Insider Buying and Selling by Quarter for Tenable (NASDAQ:TENB)

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