Linda Kay Zecher Sells 1,444 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 1,444 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $37.20, for a total transaction of $53,716.80. Following the sale, the director now directly owns 2,602 shares in the company, valued at $96,794.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tenable Trading Up 2.8 %

Shares of NASDAQ:TENB opened at $38.03 on Wednesday. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $49.77. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $43.71 and its 200 day simple moving average is $42.48. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -55.93 and a beta of 1.15.

Institutional Investors Weigh In On Tenable

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust acquired a new stake in shares of Tenable during the first quarter worth $25,000. NBC Securities Inc. acquired a new stake in shares of Tenable during the third quarter worth $27,000. Captrust Financial Advisors raised its holdings in shares of Tenable by 81.0% during the second quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 354 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Tenable during the second quarter worth $37,000. Finally, Clearstead Advisors LLC acquired a new stake in Tenable in the 1st quarter valued at $55,000. 88.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TENB has been the topic of several research analyst reports. Stephens decreased their price target on shares of Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. TD Cowen assumed coverage on shares of Tenable in a research note on Monday, September 18th. They issued an “outperform” rating and a $55.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Tenable from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Barclays reduced their price objective on shares of Tenable from $47.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Finally, TheStreet raised shares of Tenable from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

About Tenable

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 cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.