Tenable Holdings, Inc. (NASDAQ:TENB) General Counsel Stephen A. Riddick Sells 1,534 Shares

Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) General Counsel Stephen A. Riddick sold 1,534 shares of Tenable stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $43.85, for a total transaction of $67,265.90. Following the transaction, the general counsel now owns 43,800 shares in the company, valued at approximately $1,920,630. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

TENB stock traded up $1.27 during mid-day trading on Thursday, hitting $45.61. The company had a trading volume of 916,685 shares, compared to its average volume of 1,225,708. The company has a 50-day moving average price of $54.57 and a 200 day moving average price of $52.55. Tenable Holdings, Inc. has a 12-month low of $38.77 and a 12-month high of $63.61. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -78.62 and a beta of 1.53.

Tenable (NASDAQ:TENBGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.06 EPS for the quarter, beating the 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 quarter in the prior year, the business posted ($0.03) EPS. As a group, analysts expect that Tenable Holdings, Inc. will post -0.55 EPS for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Tenable from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. DA Davidson assumed coverage on shares of Tenable in a research note on Monday, April 11th. They set a “buy” rating and a $75.00 price target on the stock. Wedbush reiterated a “buy” rating and set a $70.00 price target on shares of Tenable in a research note on Wednesday, February 2nd. Canaccord Genuity Group lifted their price target on shares of Tenable from $62.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Finally, Wolfe Research assumed coverage on shares of Tenable in a research note on Monday, April 11th. They set an “outperform” rating and a $70.00 target price on the stock. One research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $67.29.

Several institutional investors and hedge funds have recently made changes to their positions in TENB. Norges Bank purchased a new stake in Tenable during the fourth quarter valued at approximately $71,512,000. Allianz Asset Management GmbH grew its position in Tenable by 196.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,676,747 shares of the company’s stock valued at $92,338,000 after buying an additional 1,110,745 shares during the period. Wellington Management Group LLP grew its position in Tenable by 75.6% during the third quarter. Wellington Management Group LLP now owns 2,149,819 shares of the company’s stock valued at $99,192,000 after buying an additional 925,504 shares during the period. KCL Capital L.P. acquired a new stake in Tenable during the fourth quarter valued at $49,563,000. Finally, Washington Harbour Partners LP lifted its holdings in Tenable by 63.4% during the third quarter. Washington Harbour Partners LP now owns 1,679,650 shares of the company’s stock valued at $77,499,000 after purchasing an additional 651,897 shares in the last quarter. 83.39% of the stock is owned by hedge funds and other institutional investors.

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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