Tenable (NASDAQ:TENB) CAO Sells $510,000.00 in Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CAO Barron Anschutz sold 10,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. Following the sale, the chief accounting officer directly owned 66,077 shares of the company’s stock, valued at approximately $3,369,927. This represents a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Tenable Price Performance

Shares of TENB stock traded up $0.31 during trading hours on Wednesday, reaching $47.34. The company had a trading volume of 2,639,608 shares, compared to its average volume of 4,155,954. Tenable Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $53.22. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 364.18 and a beta of 0.89. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 1.04. The stock has a fifty day moving average of $38.84 and a 200-day moving average of $29.14.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Tenable had a return on equity of 28.72% and a net margin of 1.48%. The company had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Tenable Holdings, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of recent analyst reports. DA Davidson set a $44.00 price target on shares of Tenable in a report on Thursday, October 29th. Stephens reiterated a “positive” rating on shares of Tenable in a research report on Thursday, October 29th. JPMorgan Chase & Co. increased their price target on Tenable from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Robert W. Baird set a $55.00 target price on shares of Tenable in a research report on Thursday, October 29th. Finally, Stifel Nicolaus increased their target price on shares of Tenable from $31.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.25.

Hedge Funds Weigh In On Tenable

Several institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC acquired a new stake in shares of Tenable in the third quarter valued at $29,000. Harbor Investment Advisory LLC acquired a new position in Tenable during the 2nd quarter worth $66,000. Pinnacle Wealth Planning Services Inc. grew its stake in Tenable by 1,021.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company’s stock worth $66,000 after purchasing an additional 1,654 shares in the last quarter. Fulcrum Asset Management LLP increased its holdings in Tenable by 143.0% during 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 during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Tenable in the 2nd quarter valued at about $81,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

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.