Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 40,000 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 40,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the sale, the chief executive officer now owns 387,356 shares in the company, valued at $18,484,628.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, May 23rd, Amit Yoran sold 5,359 shares of Tenable stock. The shares were sold at an average price of $43.18, for a total transaction of $231,401.62.
• On Monday, May 20th, Amit Yoran sold 4,851 shares of Tenable stock. The shares were sold at an average price of $43.76, for a total transaction of $212,279.76.

Tenable Price Performance

TENB stock opened at $41.77 on Friday. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. 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 company has a 50-day moving average price of $42.39 and a 200 day moving average price of $45.45. The stock has a market cap of $4.97 billion, a PE ratio of -72.02 and a beta of 0.86.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.70%. The firm had revenue of $215.96 million during the quarter, compared to analysts’ expectations of $213.56 million. Equities research analysts anticipate that Tenable Holdings, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

TENB has been the topic of a number of research reports. Robert W. Baird reduced their price target on shares of Tenable from $55.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday. Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Tenable in a report on Thursday, May 2nd. Stifel Nicolaus reduced their price target on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. Barclays reduced their price target on shares of Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Scotiabank dropped their price objective 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. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Hedge Funds Weigh In On Tenable

A number of large investors have recently made changes to their positions in TENB. Mesirow Institutional Investment Management Inc. boosted its position in Tenable by 25.4% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 9,653 shares of the company’s stock valued at $421,000 after buying an additional 1,957 shares during the period. Rhumbline Advisers boosted its position in Tenable by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 170,621 shares of the company’s stock valued at $7,436,000 after buying an additional 9,239 shares during the period. Principal Financial Group Inc. boosted its position in Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after buying an additional 276 shares during the period. Panagora Asset Management Inc. boosted its position in Tenable by 10.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock valued at $16,277,000 after buying an additional 34,254 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Tenable in the 2nd quarter valued at about $1,769,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.