Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) Director Sells 10,000 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) Director Jerry M. Kennelly sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $46.70, for a total value of $467,000.00. Following the sale, the director now owns 6,677 shares in the company, valued at $311,815.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NASDAQ:TENB traded down $0.44 during midday trading on Wednesday, reaching $44.34. 1,387,264 shares of the company traded hands, compared to its average volume of 1,228,962. Tenable Holdings, Inc. has a twelve month low of $38.43 and a twelve month high of $63.61. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -76.45 and a beta of 1.53. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day moving average price of $54.75 and a 200 day moving average price of $52.61.

Tenable (NASDAQ:TENB – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.21. Tenable had a negative return on equity of 28.71% and a negative net margin of 10.99%. During the same quarter last year, the company posted ($0.03) earnings per share. On average, equities research analysts forecast that Tenable Holdings, Inc. will post -0.55 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Arizona State Retirement System boosted its position in Tenable by 1.3% during the 1st quarter. Arizona State Retirement System now owns 20,331 shares of the company’s stock worth $1,175,000 after acquiring an additional 251 shares during the period. Baird Financial Group Inc. boosted its position in Tenable by 0.9% during the 4th quarter. Baird Financial Group Inc. now owns 40,071 shares of the company’s stock worth $2,207,000 after acquiring an additional 371 shares during the period. New York State Common Retirement Fund boosted its position in Tenable by 0.6% during the 1st quarter. New York State Common Retirement Fund now owns 66,683 shares of the company’s stock worth $3,854,000 after acquiring an additional 407 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Tenable by 2.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 18,346 shares of the company’s stock worth $846,000 after acquiring an additional 410 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new position in Tenable during the 1st quarter worth $25,000. Institutional investors own 83.39% of the company’s stock.

Several equities research analysts have issued reports on TENB shares. Wolfe Research started coverage on Tenable in a report on Monday, April 11th. They set an “outperform” rating and a $70.00 price objective on the stock. DA Davidson began coverage on Tenable in a report on Monday, April 11th. They issued a “buy” rating and a $75.00 price target for the company. Stifel Nicolaus boosted their price target on Tenable from $63.00 to $66.00 in a report on Wednesday, April 27th. Wedbush reiterated a “buy” rating and issued a $70.00 price target on shares of Tenable in a report on Wednesday, February 2nd. Finally, Morgan Stanley boosted their price target on Tenable from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, February 2nd. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $67.29.

About Tenable (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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