Raymond Jr. Vicks Sells 809 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director Raymond Jr. Vicks sold 809 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total value of $31,162.68. Following the completion of the transaction, the director now owns 8,659 shares in the company, valued at $333,544.68. The trade was a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tenable Stock Performance

Shares of TENB opened at $38.49 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -75.47 and a beta of 0.85. Tenable Holdings, Inc. has a 52-week low of $35.25 and a 52-week high of $53.50. The stock’s 50-day simple moving average is $41.15 and its 200 day simple moving average is $41.47.

Analyst Ratings Changes

A number of analysts recently commented on TENB shares. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Tenable in a report on Monday, January 6th. Piper Sandler cut their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 target price (down from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Finally, Barclays decreased their price target on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.63.

Hedge Funds Weigh In On Tenable

A number of large investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after purchasing an additional 276 shares during the period. Rhumbline Advisers boosted its stake in Tenable by 5.7% during the second quarter. Rhumbline Advisers now owns 170,621 shares of the company’s stock valued at $7,436,000 after buying an additional 9,239 shares during the period. Arizona State Retirement System grew its position in Tenable by 2.9% during the second quarter. Arizona State Retirement System now owns 33,067 shares of the company’s stock worth $1,441,000 after buying an additional 931 shares in the last quarter. Acadian Asset Management LLC increased its stake in Tenable by 82.5% in the 2nd quarter. Acadian Asset Management LLC now owns 39,781 shares of the company’s stock worth $1,732,000 after acquiring an additional 17,982 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Tenable in the 2nd quarter valued at about $40,000. 89.06% of the stock is currently owned by institutional investors.

About Tenable

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.