Insider Selling: Tenable Holdings, Inc. (NASDAQ:TENB) CEO Sells 37,500 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) CEO Amit Yoran sold 37,500 shares of Tenable stock in a transaction dated Wednesday, April 14th. The shares were sold at an average price of $39.93, for a total transaction of $1,497,375.00. Following the sale, the chief executive officer now directly owns 290,573 shares in the company, valued at approximately $11,602,579.89. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, February 22nd, Amit Yoran sold 26,951 shares of Tenable stock. The shares were sold at an average price of $43.71, for a total transaction of $1,178,028.21.
  • On Tuesday, February 16th, Amit Yoran sold 37,500 shares of Tenable stock. The shares were sold at an average price of $44.99, for a total transaction of $1,687,125.00.

Tenable stock traded up $0.69 during trading hours on Friday, hitting $41.43. The stock had a trading volume of 818,366 shares, compared to its average volume of 1,126,856. The stock has a market capitalization of $4.31 billion, a P/E ratio of -51.79 and a beta of 1.81. Tenable Holdings, Inc. has a 12-month low of $21.90 and a 12-month high of $58.45. The stock’s 50-day moving average price is $38.88 and its 200-day moving average price is $42.27.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, February 2nd. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.07. Tenable had a negative net margin of 18.87% and a negative return on equity of 56.02%. The firm had revenue of $118.08 million during the quarter, compared to analyst estimates of $114.59 million. During the same period in the previous year, the business posted ($0.11) earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. As a group, equities analysts forecast that Tenable Holdings, Inc. will post -0.47 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on TENB. Truist lifted their price target on shares of Tenable from $43.00 to $65.00 in a research report on Wednesday, January 27th. Piper Sandler lifted their price target on shares of Tenable from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 5th. Monness Crespi & Hardt lifted their price target on shares of Tenable from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 7th. Zacks Investment Research raised shares of Tenable from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus began coverage on shares of Tenable in a research report on Wednesday, February 17th. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.73.

Several hedge funds have recently made changes to their positions in TENB. Harbor Investment Advisory LLC bought a new stake in Tenable during the first quarter valued at approximately $98,000. Nisa Investment Advisors LLC lifted its holdings in shares of Tenable by 27.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,300 shares of the company’s stock worth $120,000 after buying an additional 500 shares in the last quarter. tru Independence LLC purchased a new stake in Tenable during the third quarter valued at $169,000. Captrust Financial Advisors purchased a new stake in Tenable during the third quarter valued at $193,000. Finally, CAPROCK Group Inc. purchased a new stake in Tenable during the fourth quarter valued at $200,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company's platforms include Tenable.io, a cloud-delivered software as a service; and Tenable.sc, an on-premises solution. Its platforms provides organizations with a risk-based view of traditional and modern attack surfaces to deliver a complete and continuous view of assets, associated vulnerabilities, internal and regulatory compliance violations, misconfigurations, and other cybersecurity issues, as well as prioritizes these issues for remediation based on risk assessment and predictive analytics, and provides insightful remediation guidance.

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

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