Insider Selling: Tenable Holdings Inc (NASDAQ:TENB) Director Sells 15,350 Shares of Stock

Tenable Holdings Inc (NASDAQ:TENB) Director John C. Huffard, Jr. sold 15,350 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $26.54, for a total transaction of $407,389.00. Following the completion of the transaction, the director now directly owns 2,173 shares of the company’s stock, valued at $57,671.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:TENB traded down $0.02 during midday trading on Wednesday, reaching $25.86. The company had a trading volume of 287,435 shares, compared to its average volume of 687,878. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average price is $25.07 and its 200 day moving average price is $25.65. The stock has a market cap of $2.54 billion, a PE ratio of -19.02 and a beta of 2.73. Tenable Holdings Inc has a 1-year low of $20.00 and a 1-year high of $36.26.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.17. The firm had revenue of $91.90 million during the quarter, compared to analysts’ expectations of $88.79 million. Tenable had a negative return on equity of 64.46% and a negative net margin of 24.14%. The business’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share. On average, research analysts expect that Tenable Holdings Inc will post -0.87 earnings per share for the current fiscal year.

TENB has been the topic of a number of research reports. SunTrust Banks assumed coverage on Tenable in a report on Wednesday, October 2nd. They issued a “hold” rating and a $25.00 price target on the stock. Zacks Investment Research upgraded Tenable from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. raised Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tenable currently has an average rating of “Buy” and an average price target of $33.70.

Several institutional investors have recently made changes to their positions in TENB. Tower Research Capital LLC TRC bought a new position in shares of Tenable in the second quarter valued at $31,000. Bank of Montreal Can grew its position in shares of Tenable by 1,850.0% in the 2nd quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock valued at $124,000 after acquiring an additional 4,107 shares during the period. Diversified Trust Co bought a new position in shares of Tenable in the 3rd quarter valued at about $205,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Tenable during the 1st quarter worth about $244,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Tenable by 40.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock worth $259,000 after purchasing an additional 2,630 shares during the last quarter. Institutional investors own 60.08% of the company’s stock.

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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