Tenable Holdings, Inc. (NASDAQ:TENB - Get Free Report) CAO Barron Anschutz sold 10,000 shares of the company's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. Following the completion of the sale, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tenable Stock Performance
Shares of Tenable stock opened at $47.34 on Thursday. The company has a market capitalization of $5.21 billion, a PE ratio of 364.18 and a beta of 0.89. Tenable Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $53.22. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock's fifty day simple moving average is $38.84 and its 200 day simple moving average is $29.14.
Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Tenable had a return on equity of 28.72% and a net margin of 1.48%. The firm had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. During the same period in the previous year, the company posted $0.42 earnings per share. The company's revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts predict that Tenable Holdings, Inc. will post 0.58 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Wedbush lifted their price objective on Tenable from $29.00 to $35.00 and gave the company an "underperform" rating in a report on Thursday, October 29th. TD Cowen increased their target price on Tenable from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Truist Financial restated a "hold" rating and set a $45.00 target price (up from $35.00) on shares of Tenable in a report on Thursday, October 29th. Stifel Nicolaus lifted their price target on shares of Tenable from $31.00 to $48.00 and gave the company a "hold" rating in a research note on Thursday, October 29th. Finally, Piper Sandler upped their price target on shares of Tenable from $30.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, October 29th. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Tenable presently has an average rating of "Hold" and an average price target of $46.25.
Read Our Latest Research Report on TENB
Institutional Trading of Tenable
Several hedge funds and other institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in Tenable in the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its position in Tenable by 217.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company's stock worth $60,000 after acquiring an additional 2,432 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Tenable during the 2nd quarter worth approximately $66,000. Pinnacle Wealth Planning Services Inc. grew its stake in shares of 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 acquiring an additional 1,654 shares in the last quarter. Finally, Fulcrum Asset Management LLP grew its stake in shares of 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 acquiring an additional 1,124 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.
About Tenable
(
Get Free Report)
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.
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