Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CFO Sells $123,096.88 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz sold 2,813 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $123,096.88. Following the transaction, the chief financial officer now directly owns 260,955 shares in the company, valued at $11,419,390.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Tenable Trading Down 0.6 %

TENB opened at $43.13 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $46.42 and a 200-day moving average price of $45.48. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50.

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

Hedge Funds Weigh In On Tenable

Several hedge funds have recently bought and sold shares of the company. Xponance Inc. grew its stake in Tenable by 3.5% during the fourth quarter. Xponance Inc. now owns 6,939 shares of the company’s stock valued at $320,000 after acquiring an additional 232 shares in the last quarter. Fulton Bank N.A. grew its stake in Tenable by 4.1% in the 1st quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock worth $374,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Tenable by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after buying an additional 312 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Tenable by 4.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,160 shares of the company’s stock worth $321,000 after buying an additional 332 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Tenable by 5.5% in the 4th quarter. Diversified Trust Co now owns 6,901 shares of the company’s stock worth $318,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TENB shares. Scotiabank initiated coverage on shares of Tenable in a research report on Friday, April 26th. They set a “sector perform” rating and a $47.00 price target on the stock. Truist Financial lifted their price objective on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Tenable in a research report on Tuesday, May 14th. Susquehanna lifted their price objective on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.20.

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.