Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran Sells 5,293 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 5,293 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.74, for a total value of $226,222.82. Following the completion of the transaction, the chief executive officer now directly owns 51,691 shares of the company’s stock, valued at approximately $2,209,273.34. The trade was a 9.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amit Yoran also recently made the following trade(s):

• On Tuesday, November 19th, Amit Yoran sold 4,828 shares of Tenable stock. The stock was sold at an average price of $40.72, for a total value of $196,596.16.

Tenable Stock Up 0.6 %

TENB opened at $43.01 on Wednesday. The company has a fifty day moving average price of $41.07 and a two-hundred day moving average price of $41.70. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 1-year low of $35.25 and a 1-year high of $53.50.

Wall Street Analyst Weigh In

TENB has been the topic of several recent research reports. Piper Sandler cut their target price on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus reduced their price objective on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group started coverage on Tenable in a report on Wednesday, October 16th. They issued a “hold” rating and a $45.00 price objective for the company. Morgan Stanley cut their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial reissued a “buy” rating and issued a $55.00 price target (down previously from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and an average target price of $50.81.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP acquired a new stake in Tenable in the third quarter valued at approximately $24,660,000. Mackenzie Financial Corp grew its position in Tenable by 12.7% in the 2nd 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 during the period. FMR LLC increased its stake in Tenable by 2.0% during the 3rd 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. The Manufacturers Life Insurance Company raised its holdings in Tenable by 28.0% during the third quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock worth $37,294,000 after buying an additional 201,366 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Tenable by 37.7% during the second quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock worth $31,335,000 after buying an additional 196,810 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

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.