Tenable Holdings, Inc. (NASDAQ:TENB) COO Sells $100,139.82 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,343 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.74, for a total transaction of $100,139.82. Following the completion of the sale, the chief operating officer now owns 37,188 shares of the company’s stock, valued at approximately $1,589,415.12. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Tenable Price Performance

TENB stock opened at $41.88 on Friday. The firm has a 50-day moving average of $41.21 and a 200 day moving average of $41.69. 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 1 year low of $35.25 and a 1 year high of $53.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC grew its stake in Tenable by 157.8% in the first quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock worth $1,150,000 after purchasing an additional 14,244 shares during the period. Fiera Capital Corp purchased a new stake in shares of Tenable in the 3rd quarter worth about $2,494,000. Bayesian Capital Management LP purchased a new stake in shares of Tenable in the 1st quarter worth about $1,310,000. Panagora Asset Management Inc. increased its stake in shares of Tenable by 10.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock worth $16,277,000 after acquiring an additional 34,254 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Tenable by 51.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,757 shares of the company’s stock valued at $1,895,000 after acquiring an additional 15,794 shares during the period. Institutional investors own 89.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Scotiabank lowered their price target on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Tenable in a report on Tuesday, October 29th. Piper Sandler decreased their price target on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Canaccord Genuity Group dropped their price objective on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. 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 stock. According to MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and an average price target of $50.81.

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.