Linda Kay Zecher Sells 2,500 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This represents a 87.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tenable Stock Performance

TENB traded down $0.95 during trading hours on Thursday, hitting $35.25. The company’s stock had a trading volume of 964,277 shares, compared to its average volume of 914,250. Tenable Holdings, Inc. has a fifty-two week low of $35.25 and a fifty-two week high of $50.30. 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 capitalization of $4.24 billion, a PE ratio of -117.50 and a beta of 0.87. The company has a 50-day simple moving average of $39.95 and a 200 day simple moving average of $40.68.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Hedge Funds Weigh In On Tenable

Several hedge funds have recently modified their holdings of the company. PharVision Advisers LLC acquired a new position in shares of Tenable during the 4th quarter valued at $442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tenable by 20.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,575 shares of the company’s stock valued at $12,191,000 after purchasing an additional 51,989 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Tenable during the 4th quarter valued at $923,000. Vident Advisory LLC increased its position in shares of Tenable by 23.3% during the 4th quarter. Vident Advisory LLC now owns 92,381 shares of the company’s stock valued at $3,638,000 after purchasing an additional 17,458 shares during the period. Finally, Twinbeech Capital LP acquired a new position in shares of Tenable during the 4th quarter valued at $2,554,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Tenable in a report on Thursday, February 6th. Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down previously from $50.00) on shares of Tenable in a report on Monday, December 2nd. Barclays increased their price target on Tenable from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Stifel Nicolaus downgraded Tenable from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $45.00 in a report on Friday, January 17th. Finally, Scotiabank increased their price target on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.67.

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.