Tenable (NASDAQ:TENB) Director Sells 15,000 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director A. Brooke Seawell sold 15,000 shares of Tenable stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $50.33, for a total value of $754,950.00. Following the completion of the sale, the director owned 115,292 shares of the company’s stock, valued at $5,802,646.36. The trade was a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tenable Stock Up 0.7%

TENB stock traded up $0.31 during trading on Wednesday, hitting $47.34. 2,639,608 shares of the company’s stock traded hands, compared to its average volume of 4,155,954. The firm has a market capitalization of $5.21 billion, a P/E ratio of 102.24 and a beta of 0.89. Tenable Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $53.22. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 1.78. The business has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $29.14.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, October 28th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The company had revenue of $276.39 million during the quarter, compared to analysts’ expectations of $271.58 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. Tenable’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in Tenable during the third quarter worth about $29,000. Harbor Investment Advisory LLC acquired a new stake in Tenable in the 2nd quarter valued at about $66,000. Pinnacle Wealth Planning Services Inc. raised its holdings in Tenable by 1,021.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company’s stock valued at $66,000 after acquiring an additional 1,654 shares during the last quarter. Fulcrum Asset Management LLP lifted its stake in Tenable by 143.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,910 shares of the company’s stock worth $67,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Tenable in the 2nd quarter worth approximately $81,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TENB shares. Yorkville Ives started coverage on Tenable in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $45.00 target price on the stock. Wells Fargo & Company lifted their price target on Tenable from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, October 30th. UBS Group reiterated a “hold” rating on shares of Tenable in a research report on Thursday, October 29th. Susquehanna boosted their price target on Tenable from $36.00 to $55.00 and gave the company a “positive” rating in a report on Thursday, October 29th. Finally, Truist Financial restated a “hold” rating and issued a $45.00 price objective (up from $35.00) on shares of Tenable in a research report on Thursday, October 29th. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Tenable currently has an average rating of “Hold” and a consensus target price of $46.25.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company’s product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.