Insider Selling: Tenable (NASDAQ:TENB) Director Sells $24,822.00 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 700 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $35.46, for a total value of $24,822.00. Following the completion of the sale, the director directly owned 7,702 shares of the company’s stock, valued at $273,112.92. The trade was a 8.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Linda Kay Zecher also recently made the following trade(s):

• On Wednesday, August 19th, Linda Kay Zecher sold 690 shares of Tenable stock. The stock was sold at an average price of $35.76, for a total value of $24,674.40.

Tenable Stock Down 3.3%

NASDAQ:TENB traded down $1.17 during trading hours on Thursday, hitting $34.11. The stock had a trading volume of 1,489,799 shares, compared to its average volume of 3,229,858. The company has a market cap of $3.76 billion, a PE ratio of 682.34 and a beta of 0.94. The business has a 50 day simple moving average of $34.46 and a two-hundred day simple moving average of $25.92. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Analysts predict that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

TENB has been the subject of a number of analyst reports. Barclays reduced their price target on Tenable from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. TD Cowen upped their price target on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a report on Monday, July 13th. Stephens raised their price objective on shares of Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Piper Sandler lowered shares of Tenable from an “overweight” rating to a “neutral” rating and cut their target price for the company from $35.00 to $30.00 in a research note on Thursday, July 30th. Finally, Stifel Nicolaus lifted their price target on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.68.

Institutional Investors Weigh In On Tenable

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in Tenable in the third quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in Tenable during the 4th quarter valued at approximately $28,000. Quadrant Capital Group LLC bought a new position in Tenable during the 4th quarter worth $38,000. Horizon Investments LLC acquired a new stake in Tenable in the third quarter worth $45,000. Finally, Los Angeles Capital Management LLC bought a new stake in Tenable in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.