Tenable Holdings, Inc. (NASDAQ:TENB) CFO Stephen A. Vintz Sells 2,758 Shares

Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) CFO Stephen A. Vintz sold 2,758 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $38.61, for a total value of $106,486.38. Following the sale, the chief financial officer now directly owns 154,333 shares of the company’s stock, valued at approximately $5,958,797.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tenable Price Performance

TENB opened at $37.95 on Tuesday. The stock has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $41.96. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.40. The company has a market cap of $4.27 billion, a price-to-earnings ratio of -51.28 and a beta of 1.35. Tenable Holdings, Inc. has a 12-month low of $28.80 and a 12-month high of $63.61.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management SA increased its holdings in shares of Tenable by 47,669.9% during the second quarter. Pictet Asset Management SA now owns 2,626,867 shares of the company’s stock valued at $119,286,000 after acquiring an additional 2,621,368 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Tenable during the third quarter valued at $23,052,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Tenable by 1,772.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 637,287 shares of the company’s stock valued at $28,939,000 after acquiring an additional 603,250 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $572,138,000 after acquiring an additional 595,338 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Tenable during the second quarter valued at $25,233,000. Institutional investors own 87.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TENB. BTIG Research lowered Tenable from a “buy” rating to a “neutral” rating in a research note on Monday, October 10th. Wells Fargo & Company dropped their price objective on Tenable from $57.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. DA Davidson dropped their price objective on Tenable from $53.00 to $47.00 in a research note on Wednesday, October 26th. Barclays decreased their target price on Tenable from $45.00 to $41.00 in a report on Tuesday, October 11th. Finally, The Goldman Sachs Group decreased their target price on Tenable from $71.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.60.

Tenable Company Profile

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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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