Mark C. Thurmond Sells 2,343 Shares of Tenable Holdings, Inc. (NASDAQ:TENB) Stock

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,343 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.74, for a total value of $100,139.82. Following the transaction, the chief operating officer now owns 37,188 shares in the company, valued at approximately $1,589,415.12. This trade represents a 5.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Tenable Trading Up 0.6 %

Tenable stock traded up $0.27 during mid-day trading on Tuesday, hitting $43.01. The stock had a trading volume of 513,064 shares, compared to its average volume of 924,623. The stock has a market capitalization of $5.17 billion, a PE ratio of -83.80 and a beta of 0.83. Tenable Holdings, Inc. has a 12 month low of $35.25 and a 12 month high of $53.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $41.07 and a two-hundred day simple moving average of $41.70.

Institutional Investors Weigh In On Tenable

Several institutional investors have recently modified their holdings of TENB. Readystate Asset Management LP acquired a new stake in shares of Tenable during the third quarter worth $24,660,000. Mackenzie Financial Corp grew its position in shares of Tenable by 12.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock worth $182,685,000 after buying an additional 471,126 shares during the period. FMR LLC grew its position in shares of Tenable by 2.0% during the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock worth $616,347,000 after buying an additional 305,334 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Tenable by 28.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 920,378 shares of the company’s stock valued at $37,294,000 after acquiring an additional 201,366 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Tenable by 37.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 719,012 shares of the company’s stock valued at $31,335,000 after acquiring an additional 196,810 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TENB. Scotiabank lowered their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. DA Davidson lowered Tenable from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Wells Fargo & Company cut their price objective on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Canaccord Genuity Group lowered their price objective on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Stifel Nicolaus lowered their price target on Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.81.

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.