Tenable Holdings, Inc. (NASDAQ:TENB) General Counsel Stephen A. Riddick Sells 7,260 Shares

Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) General Counsel Stephen A. Riddick sold 7,260 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $55.89, for a total transaction of $405,761.40. Following the completion of the transaction, the general counsel now owns 42,199 shares in the company, valued at approximately $2,358,502.11. The sale was disclosed in a legal filing with the SEC, which is available through this link.

TENB stock opened at $56.84 on Thursday. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of -98.00 and a beta of 1.53. Tenable Holdings, Inc. has a 1-year low of $35.53 and a 1-year high of $63.61. The firm has a fifty day moving average price of $56.48 and a two-hundred day moving average price of $52.96. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.55 and a quick ratio of 1.55.

Tenable (NASDAQ:TENB – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.21. Tenable had a negative net margin of 10.99% and a negative return on equity of 28.71%. During the same period last year, the firm posted ($0.03) earnings per share. As a group, analysts expect that Tenable Holdings, Inc. will post -0.55 EPS for the current fiscal year.

Several research analysts recently commented on the company. Canaccord Genuity Group boosted their price target on Tenable from $62.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Tenable in a research report on Monday, April 25th. Piper Sandler increased their target price on Tenable from $65.00 to $72.00 in a research note on Thursday, January 6th. DA Davidson initiated coverage on shares of Tenable in a research note on Monday, April 11th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Wedbush reiterated a “buy” rating and set a $70.00 price objective on shares of Tenable in a research note on Wednesday, February 2nd. One equities research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $67.29.

Several institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System bought a new stake in shares of Tenable in the 1st quarter worth approximately $4,149,000. Brown University bought a new position in Tenable during the 1st quarter worth $6,542,000. Advisor Group Holdings Inc. increased its position in Tenable by 196.1% in the first quarter. Advisor Group Holdings Inc. now owns 22,857 shares of the company’s stock worth $1,323,000 after buying an additional 15,138 shares during the period. Victory Capital Management Inc. lifted its stake in Tenable by 3,803.2% in the first quarter. Victory Capital Management Inc. now owns 536,883 shares of the company’s stock valued at $30,991,000 after buying an additional 523,128 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Tenable by 26.5% during the first quarter. Commonwealth Equity Services LLC now owns 4,869 shares of the company’s stock valued at $281,000 after acquiring an additional 1,021 shares during the period. Institutional investors and hedge funds own 83.39% of the company’s stock.

Tenable Company Profile (Get Rating)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

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