Insider Selling: Tenable Holdings Inc (NASDAQ:TENB) CFO Sells 50,000 Shares of Stock
Tenable Holdings Inc (NASDAQ:TENB) CFO Stephen A. Vintz sold 50,000 shares of Tenable stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $34.52, for a total value of $1,726,000.00. Following the transaction, the chief financial officer now directly owns 66,657 shares in the company, valued at approximately $2,300,999.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:TENB opened at $33.93 on Friday. The firm has a market cap of $3.58 billion, a P/E ratio of -36.88 and a beta of 1.87. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $30.25 and its 200-day simple moving average is $26.72. Tenable Holdings Inc has a 12-month low of $16.28 and a 12-month high of $36.51.
Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.25. Tenable had a negative return on equity of 68.92% and a negative net margin of 22.79%. The firm had revenue of $107.21 million for the quarter, compared to the consensus estimate of $102.23 million. During the same period in the previous year, the business earned ($0.10) earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. Research analysts forecast that Tenable Holdings Inc will post -0.85 EPS for the current fiscal year.
Several research analysts have commented on TENB shares. BidaskClub raised Tenable from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. Cowen cut their price target on Tenable from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Zacks Investment Research lowered Tenable from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. ValuEngine lowered Tenable from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Tenable from $31.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $35.13.
Tenable Company Profile
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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