Insider Selling: Tenable Holdings Inc (NASDAQ:TENB) CEO Sells 45,000 Shares of Stock

Tenable Holdings Inc (NASDAQ:TENB) CEO Amit Yoran sold 45,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $36.96, for a total transaction of $1,663,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,738 shares of the company’s stock, valued at $46,818,636.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Amit Yoran also recently made the following trade(s):

  • On Thursday, August 13th, Amit Yoran sold 45,000 shares of Tenable stock. The shares were sold at an average price of $33.79, for a total transaction of $1,520,550.00.
  • On Wednesday, July 29th, Amit Yoran sold 60,000 shares of Tenable stock. The shares were sold at an average price of $34.55, for a total transaction of $2,073,000.00.
  • On Monday, July 20th, Amit Yoran sold 6,421 shares of Tenable stock. The shares were sold at an average price of $30.24, for a total transaction of $194,171.04.
  • On Monday, July 13th, Amit Yoran sold 28,579 shares of Tenable stock. The stock was sold at an average price of $30.56, for a total transaction of $873,374.24.

Shares of TENB traded up $0.09 during trading hours on Wednesday, reaching $37.80. 767,883 shares of the company traded hands, compared to its average volume of 870,541. The company’s fifty day moving average price is $35.04 and its two-hundred day moving average price is $28.57. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of -41.23 and a beta of 1.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.44. Tenable Holdings Inc has a 12 month low of $16.28 and a 12 month high of $41.80.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, July 28th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.25. The firm had revenue of $107.21 million for the quarter, compared to analyst estimates of $102.23 million. Tenable had a negative net margin of 22.79% and a negative return on equity of 68.33%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. On average, analysts expect that Tenable Holdings Inc will post -0.57 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Advisers LP boosted its stake in shares of Tenable by 65.5% during the 2nd quarter. Two Sigma Advisers LP now owns 169,600 shares of the company’s stock valued at $5,056,000 after purchasing an additional 67,100 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Tenable during the second quarter worth about $300,000. Quadrature Capital Ltd bought a new stake in Tenable during the second quarter worth about $1,513,000. Nuveen Asset Management LLC boosted its stake in Tenable by 35.3% during the second quarter. Nuveen Asset Management LLC now owns 785,422 shares of the company’s stock worth $23,414,000 after acquiring an additional 204,951 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tenable by 42.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 361,146 shares of the company’s stock worth $10,766,000 after acquiring an additional 106,836 shares in the last quarter. 78.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on TENB shares. Monness Crespi & Hardt lifted their target price on shares of Tenable from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Morgan Stanley lifted their target price on shares of Tenable from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. SunTrust Banks upgraded shares of Tenable from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $40.00 in a research report on Wednesday, July 29th. Zacks Investment Research upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, September 1st. Finally, Wedbush boosted their price objective on shares of Tenable from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $38.00.

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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Insider Buying and Selling by Quarter for Tenable (NASDAQ:TENB)

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