Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 14,880 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) CEO Amit Yoran sold 14,880 shares of Tenable stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $47.96, for a total transaction of $713,644.80. Following the completion of the sale, the chief executive officer now owns 91,046 shares of the company’s stock, valued at $4,366,566.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amit Yoran also recently made the following trade(s):

• On Monday, May 23rd, Amit Yoran sold 5,911 shares of Tenable stock. The shares were sold at an average price of $47.85, for a total transaction of $282,841.35.
• On Tuesday, May 17th, Amit Yoran sold 1,400 shares of Tenable stock. The stock was sold at an average price of $47.68, for a total transaction of $66,752.00.
• On Monday, April 18th, Amit Yoran sold 35,000 shares of Tenable stock. The stock was sold at an average price of $59.46, for a total transaction of $2,081,100.00.
• On Wednesday, April 13th, Amit Yoran sold 100,000 shares of Tenable stock. The stock was sold at an average price of $62.44, for a total transaction of $6,244,000.00.
• On Monday, March 21st, Amit Yoran sold 25,000 shares of Tenable stock. The stock was sold at an average price of $55.46, for a total transaction of $1,386,500.00.
• On Thursday, March 17th, Amit Yoran sold 10,000 shares of Tenable stock. The shares were sold at an average price of $50.24, for a total transaction of $502,400.00.
• On Monday, February 28th, Amit Yoran sold 25,000 shares of Tenable stock. The stock was sold at an average price of $55.32, for a total transaction of $1,383,000.00.
• On Wednesday, February 23rd, Amit Yoran sold 12,608 shares of Tenable stock. The shares were sold at an average price of $45.92, for a total transaction of $578,959.36.

TENB stock traded up $1.86 during trading on Monday, hitting $49.18. The company had a trading volume of 1,128,781 shares, compared to its average volume of 1,224,473. Tenable Holdings, Inc. has a one year low of $38.77 and a one year high of $63.61. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average of $54.40 and a 200-day moving average of $52.38. The stock has a market cap of $5.44 billion, a PE ratio of -84.79 and a beta of 1.53.

Tenable (NASDAQ:TENB – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.21. Tenable had a negative return on equity of 27.76% and a negative net margin of 10.99%. During the same period last year, the firm earned ($0.03) EPS. Research analysts forecast that Tenable Holdings, Inc. will post -0.55 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Tenable by 6.4% during the first quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company’s stock worth $572,138,000 after purchasing an additional 595,338 shares during the period. BlackRock Inc. raised its position in shares of Tenable by 2.1% during the first quarter. BlackRock Inc. now owns 7,809,324 shares of the company’s stock worth $451,302,000 after purchasing an additional 163,682 shares during the period. First Trust Advisors LP grew its holdings in Tenable by 3.1% during the fourth quarter. First Trust Advisors LP now owns 3,744,238 shares of the company’s stock worth $206,195,000 after buying an additional 111,941 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Tenable by 1.3% during the first quarter. Mackenzie Financial Corp now owns 3,028,326 shares of the company’s stock worth $175,007,000 after buying an additional 38,358 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Tenable by 75.6% during the third quarter. Wellington Management Group LLP now owns 2,149,819 shares of the company’s stock worth $99,192,000 after buying an additional 925,504 shares in the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.

TENB has been the topic of several research analyst reports. Wedbush restated a “buy” rating and set a $70.00 target price on shares of Tenable in a report on Wednesday, February 2nd. Wolfe Research initiated coverage on shares of Tenable in a report on Monday, April 11th. They set an “outperform” rating and a $70.00 target price on the stock. DA Davidson began coverage on shares of Tenable in a report on Monday, April 11th. They set a “buy” rating and a $75.00 target price on the stock. Canaccord Genuity Group raised their price target on shares of Tenable from $62.00 to $75.00 in a research note on Thursday, April 21st. Finally, Stifel Nicolaus raised their price target on shares of Tenable from $63.00 to $66.00 in a research note on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $67.29.

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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