Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells $135,913.20 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 3,180 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $135,913.20. Following the completion of the sale, the chief financial officer now owns 285,045 shares of the company’s stock, valued at approximately $12,182,823.30. This trade represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tenable Stock Performance

Tenable stock opened at $41.88 on Friday. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The stock’s 50 day simple moving average is $41.21 and its two-hundred day simple moving average is $41.69. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Institutional Trading of Tenable

A number of hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in Tenable by 84.5% in the third quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after buying an additional 289 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares during the period. Quest Partners LLC purchased a new position in shares of Tenable in the 2nd quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in Tenable in the 3rd quarter worth about $171,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Tenable during the second quarter worth approximately $200,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TENB. 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, August 1st. Robert W. Baird decreased their price target on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barclays cut their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Susquehanna reduced their target price on Tenable from $60.00 to $48.00 and set a “positive” rating for the company in a research note on Thursday, August 1st. Finally, Scotiabank dropped their price target on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tenable currently has an average rating of “Moderate Buy” and a consensus price target of $50.81.

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.