Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) COO Sells 2,209 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,209 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $89,950.48. Following the completion of the transaction, the chief operating officer now owns 35,480 shares in the company, valued at $1,444,745.60. This represents a 5.86 % 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 hyperlink.

Tenable Trading Up 1.4 %

Shares of TENB stock opened at $42.44 on Friday. The firm has a fifty day moving average of $40.96 and a 200-day moving average of $41.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TENB shares. Morgan Stanley cut their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Canaccord Genuity Group cut their target price on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Susquehanna cut their target price on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a report on Thursday, August 1st. Finally, Wells Fargo & Company cut their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.81.

Institutional Investors Weigh In On Tenable

Several large investors have recently made changes to their positions in TENB. FMR LLC grew its position in Tenable by 2.0% in the third quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after purchasing an additional 305,334 shares in the last quarter. Vanguard Group Inc. grew its position in Tenable by 0.3% in the first quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock valued at $620,018,000 after purchasing an additional 32,535 shares in the last quarter. Mackenzie Financial Corp grew its position in Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after purchasing an additional 471,126 shares in the last quarter. RGM Capital LLC grew its position in Tenable by 4.5% in the second quarter. RGM Capital LLC now owns 3,539,236 shares of the company’s stock valued at $154,240,000 after purchasing an additional 153,127 shares in the last quarter. Finally, State Street Corp grew its position in Tenable by 2.6% in the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares in the last quarter. 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.