Insider Selling: Tenable Holdings Inc (TENB) CEO Sells 10,000 Shares of Stock

Tenable Holdings Inc (NASDAQ:TENB) CEO Amit Yoran sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $27.93, for a total value of $279,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, April 29th, Amit Yoran sold 30,000 shares of Tenable stock. The stock was sold at an average price of $34.90, for a total value of $1,047,000.00.
  • On Monday, April 15th, Amit Yoran sold 30,000 shares of Tenable stock. The stock was sold at an average price of $32.38, for a total value of $971,400.00.
  • On Tuesday, March 19th, Amit Yoran sold 35,290 shares of Tenable stock. The stock was sold at an average price of $32.18, for a total value of $1,135,632.20.
  • On Wednesday, March 13th, Amit Yoran sold 10,000 shares of Tenable stock. The stock was sold at an average price of $30.97, for a total value of $309,700.00.
  • On Monday, March 4th, Amit Yoran sold 4,710 shares of Tenable stock. The stock was sold at an average price of $32.17, for a total value of $151,520.70.

Tenable stock traded up $0.09 during trading hours on Friday, hitting $29.76. 19,762 shares of the stock traded hands, compared to its average volume of 854,704. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 1.60. The stock has a market cap of $2.83 billion and a price-to-earnings ratio of -21.88. Tenable Holdings Inc has a one year low of $20.00 and a one year high of $39.38.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $80.30 million for the quarter, compared to the consensus estimate of $78.37 million. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts predict that Tenable Holdings Inc will post -1.02 earnings per share for the current year.

Several research firms recently issued reports on TENB. Wedbush reissued a “buy” rating and issued a $44.00 target price on shares of Tenable in a research note on Tuesday. Zacks Investment Research raised Tenable from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Saturday, May 4th. Finally, Summit Insights began coverage on Tenable in a research note on Monday, February 11th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.29.

A number of institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY boosted its position in Tenable by 134.9% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 9,472 shares of the company’s stock valued at $299,000 after acquiring an additional 5,440 shares in the last quarter. FMR LLC boosted its position in Tenable by 336.7% during the 1st quarter. FMR LLC now owns 678,769 shares of the company’s stock valued at $21,489,000 after acquiring an additional 523,335 shares in the last quarter. Sylebra HK Co Ltd boosted its position in Tenable by 592.2% during the 1st quarter. Sylebra HK Co Ltd now owns 1,974,843 shares of the company’s stock valued at $62,524,000 after acquiring an additional 1,689,539 shares in the last quarter. Pentwater Capital Management LP boosted its position in Tenable by 106.2% during the 1st quarter. Pentwater Capital Management LP now owns 50,000 shares of the company’s stock valued at $1,583,000 after acquiring an additional 25,755 shares in the last quarter. Finally, Morgan Stanley boosted its position in Tenable by 3,308.1% during the 1st quarter. Morgan Stanley now owns 2,557,389 shares of the company’s stock valued at $80,967,000 after acquiring an additional 2,482,351 shares in the last quarter. 42.25% of the stock is currently owned by institutional investors and hedge funds.

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About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.

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