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

Tenable Holdings, Inc. (NASDAQ:TENB) COO Mark C. Thurmond sold 2,343 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.74, for a total transaction of $100,139.82. Following the sale, the chief operating officer now owns 37,188 shares of the company’s stock, valued at $1,589,415.12. This trade represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tenable Stock Performance

NASDAQ:TENB opened at $41.88 on Thursday. The firm has a market capitalization of $5.03 billion, a PE ratio of -82.12 and a beta of 0.83. The firm has a 50-day moving average price of $41.13 and a 200 day moving average price of $41.69. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable Holdings, Inc. has a 12-month low of $35.25 and a 12-month high of $53.50.

Institutional Trading of Tenable

Several hedge funds have recently modified their holdings of TENB. Covestor Ltd increased its holdings in shares of Tenable by 84.5% during the third quarter. Covestor Ltd now owns 631 shares of the company’s stock worth $26,000 after buying an additional 289 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Quest Partners LLC bought a new position in Tenable in the 2nd quarter worth approximately $40,000. Truvestments Capital LLC bought a new position in Tenable in the 3rd quarter worth approximately $171,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Tenable in the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Westpark Capital restated a “hold” rating on shares of Tenable in a report on Thursday, October 31st. DA Davidson cut shares of Tenable from a “buy” rating to a “neutral” rating and decreased their price target for the company from $56.00 to $40.00 in a report on Thursday, August 1st. Robert W. Baird reduced their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.81.

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.