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 business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $35.46, for a total transaction of $24,822.00. Following the completion of the transaction, the director owned 7,702 shares in the company, valued at $273,112.92. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $35.76, for a total transaction of $24,674.40.

Tenable Stock Up 0.8%

Shares of NASDAQ TENB opened at $34.38 on Friday. The company has a 50 day simple moving average of $34.76 and a 200-day simple moving average of $26.07. The company has a market capitalization of $3.79 billion, a P/E ratio of 687.74 and a beta of 0.94. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.79 and a quick ratio of 0.79. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $43.67.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, equities research analysts predict that Tenable Holdings, Inc. will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Tenable

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Tenable during the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new stake in Tenable during the fourth quarter worth about $28,000. Quadrant Capital Group LLC purchased a new stake in Tenable during the fourth quarter worth about $38,000. Horizon Investments LLC acquired a new stake in shares of Tenable during the third quarter worth about $45,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Tenable during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TENB shares. Weiss Ratings upgraded Tenable from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Wedbush reaffirmed an “outperform” rating and issued a $29.00 target price on shares of Tenable in a research report on Tuesday, May 26th. Susquehanna increased their target price on shares of Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. TD Cowen lifted their price target on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Piper Sandler downgraded shares of Tenable from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $30.00 in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tenable currently has a consensus rating of “Hold” and an average target price of $34.68.

Tenable Company Profile

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.