Tenable Holdings, Inc. (NASDAQ:TENB) COO Sells $89,950.48 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,209 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $89,950.48. Following the completion of the transaction, the chief operating officer now owns 35,480 shares of the company’s stock, valued at $1,444,745.60. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Tenable Stock Up 0.1 %

Tenable stock opened at $40.82 on Thursday. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The stock has a fifty day simple moving average of $40.88 and a two-hundred day simple moving average of $41.80. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -80.04 and a beta of 0.83.

Institutional Investors Weigh In On Tenable

Several large investors have recently bought and sold shares of the business. Covestor Ltd lifted its stake in Tenable by 84.5% during the 3rd quarter. Covestor Ltd now owns 631 shares of the company’s stock valued at $26,000 after acquiring an additional 289 shares during the period. Larson Financial Group LLC raised its holdings in shares of Tenable by 658.6% during the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Tenable during the second quarter valued at approximately $40,000. Truvestments Capital LLC bought a new position in Tenable during the third quarter valued at approximately $171,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Tenable in the second quarter worth approximately $200,000. 89.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TENB. Stifel Nicolaus cut their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Scotiabank cut their price objective on Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a research report on Thursday, October 31st. Canaccord Genuity Group lowered their price target on shares of Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Piper Sandler cut their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.