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

Tenable Holdings, Inc. (NASDAQ:TENBGet 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:TENBGet 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.

Further Reading

Insider Buying and Selling by Quarter for Tenable (NASDAQ:TENB)

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