Insider Selling: CEO of Tenable Holdings, Inc. (NASDAQ: TENB) Sells 14,880 Shares


Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) CEO Amit Yoran sold 14,880 shares of Tenable in a trade that took place on Friday, May 20. The shares were sold at an average price of $47.96, for a total transaction of $713,644.80. Following the completion of the sale, the CEO now owns 91,046 shares of the company, valued at $4,366,566.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

Amit Yoran also recently made the following trade(s):

  • On Monday, May 23, Amit Yoran sold 5,911 Tenable shares. The shares were sold at an average price of $47.85, for a total transaction of $282,841.35.
  • On Tuesday, May 17, Amit Yoran sold 1,400 Tenable shares. The stock was sold at an average price of $47.68, for a total transaction of $66,752.00.
  • On Monday, April 18, Amit Yoran sold 35,000 Tenable shares. The stock was sold at an average price of $59.46, for a total transaction of $2,081,100.00.
  • On Wednesday, April 13, Amit Yoran sold 100,000 Tenable shares. The stock was sold at an average price of $62.44, for a total transaction of $6,244,000.00.
  • On Monday, March 21, Amit Yoran sold 25,000 Tenable shares. The stock was sold at an average price of $55.46, for a total transaction of $1,386,500.00.
  • On Thursday, March 17, Amit Yoran sold 10,000 Tenable shares. The shares were sold at an average price of $50.24, for a total transaction of $502,400.00.
  • On Monday, February 28, Amit Yoran sold 25,000 Tenable shares. The stock was sold at an average price of $55.32, for a total transaction of $1,383,000.00.
  • On Wednesday, February 23, Amit Yoran sold 12,608 Tenable shares. The shares were sold at an average price of $45.92, for a total transaction of $578,959.36.

TENB stock traded at $1.86 during Monday’s trading, hitting $49.18. The company had a trading volume of 1,128,781 shares, compared to an average volume of 1,224,473 shares. Tenable Holdings, Inc. has a one-year low of $38.77 and a one-year high of $63.61. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt ratio of 1.60. The company has a 50-day moving average of $54.40 and a 200-day moving average of $52.38. The stock has a market capitalization of $5.44 billion, a PE ratio of -84.79 and a beta of 1.53.

Tenable (NASDAQ:TENB – Get Rating) last released its quarterly results on Tuesday, April 26. The company reported earnings per share (EPS) of $0.06 for the quarter, beating the consensus estimate of ($0.15) by $0.21. Tenable had a negative return on equity of 27.76% and a negative net margin of 10.99%. During the same period last year, the company achieved EPS of ($0.03). Research analysts expect Tenable Holdings, Inc. to post -0.55 EPS for the current year.

A number of institutional investors and hedge funds have recently changed their holdings in the company. Vanguard Group Inc. increased its position in Tenable shares by 6.4% during the first quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company worth $572,138,000 after purchasing an additional 595,338 shares during the period. BlackRock Inc. increased its position in Tenable shares by 2.1% during the first quarter. BlackRock Inc. now owns 7,809,324 shares of the company worth $451,302,000 after purchasing an additional 163,682 shares during the period. First Trust Advisors LP increased its stake in Tenable by 3.1% during the fourth quarter. First Trust Advisors LP now owns 3,744,238 shares of the company worth $206,195,000 after purchasing an additional 111,941 shares last quarter. Mackenzie Financial Corp increased its holdings in Tenable by 1.3% in the first quarter. Mackenzie Financial Corp now owns 3,028,326 shares of the company worth $175,007,000 after buying 38,358 more shares last quarter. Finally, Wellington Management Group LLP increased its stake in Tenable by 75.6% during the third quarter. Wellington Management Group LLP now owns 2,149,819 shares of the company worth $99,192,000 after purchasing an additional 925,504 shares last quarter. 83.39% of the shares are currently held by hedge funds and other institutional investors.

The TENB has been the subject of several reports by research analysts. Wedbush reiterated a “buy” rating and set a target price of $70.00 on Tenable shares in a Wednesday, February 2, report. Wolfe Research launched a hedge on Tenable shares in a Monday, April 11 report. They set an “outperform” rating and a target price of $70.00 on the stock. DA Davidson began covering Tenable shares in a Monday, April 11 report. They set a “buy” rating and a target price of $75.00 on the stock. Canaccord Genuity Group raised its price target on Tenable shares from $62.00 to $75.00 in a Thursday, April 21 research note. Finally, Stifel Nicolaus raised his price target on Tenable shares from $63.00 to $66.00 in a Wednesday, April 27 research note. A stock research analyst rated the stock with a sell rating and thirteen issued a buy rating for the company’s stock. According to MarketBeat, the stock currently has an average buy rating and an average target price of $67.29.

Tenable Company Profile (Get a rating)

Tenable Holdings, Inc provides cyber exposure solutions for the Americas, Europe, Middle East, Africa, Asia-Pacific and Japan. Its platforms include Tenable.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which analyzes modern web applications; and Tenable.ep, a unified platform that helps organizations accurately identify, assess and prioritize cyber risks across the entire attack surface.

Further reading

Insider buying and selling by quarter for Tenable (NASDAQ:TENB)



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