Stephen A. Vintz Sells 200,000 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENBGet Free Report) CFO Stephen A. Vintz sold 200,000 shares of Tenable stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total transaction of $9,386,000.00. Following the transaction, the chief financial officer now directly owns 257,256 shares of the company’s stock, valued at $12,073,024.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Tenable Stock Down 0.5 %

Shares of TENB stock opened at $45.95 on Friday. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The stock has a market cap of $5.43 billion, a P/E ratio of -67.57 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The company has a 50 day simple moving average of $47.73 and a two-hundred day simple moving average of $44.64.

Tenable (NASDAQ:TENBGet Free Report) last announced its earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The business had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. On average, research analysts expect that Tenable Holdings, Inc. will post -0.12 earnings per share for the current year.

Institutional Trading of Tenable

Hedge funds and other institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in shares of Tenable by 60.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 32,000 shares of the company’s stock worth $1,419,000 after purchasing an additional 12,000 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Tenable by 5.7% in the third quarter. Loomis Sayles & Co. L P now owns 972,017 shares of the company’s stock worth $43,546,000 after purchasing an additional 52,021 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Tenable by 15.9% in the third quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock worth $80,278,000 after purchasing an additional 245,243 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Tenable by 6.0% in the third quarter. Deutsche Bank AG now owns 475,078 shares of the company’s stock worth $21,283,000 after purchasing an additional 26,976 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Tenable by 20.0% during the third quarter. Legal & General Group Plc now owns 618,079 shares of the company’s stock worth $27,690,000 after acquiring an additional 102,888 shares during the last quarter. 88.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on TENB shares. Wedbush lifted their price target on shares of Tenable from $50.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Needham & Company LLC raised their price objective on shares of Tenable from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Truist Financial raised their price objective on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Susquehanna raised their price objective on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley upgraded shares of Tenable from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $46.00 to $60.00 in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.63.

Read Our Latest Research Report on Tenable

About Tenable

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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 Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.

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