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

Tenable Holdings, Inc. (NASDAQ:TENB) Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares in the company, valued at $333,544.68. This trade represents a 8.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tenable Stock Performance

NASDAQ:TENB opened at $38.49 on Friday. The stock has a market cap of $4.62 billion, a P/E ratio of -75.47 and a beta of 0.85. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm’s fifty day simple moving average is $41.16 and its 200 day simple moving average is $41.49. Tenable Holdings, Inc. has a twelve month low of $35.25 and a twelve month high of $53.50.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Westpark Capital reiterated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Piper Sandler cut their price objective on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $47.00 price objective (down previously from $50.00) on shares of Tenable in a research note on Monday, December 2nd. Finally, Barclays decreased their target price on Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tenable currently has an average rating of “Moderate Buy” and a consensus target price of $50.63.

Institutional Trading of Tenable

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

Tenable Company Profile

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.