Tenable (NASDAQ:TENB) Director A Brooke Seawell Sells 15,000 Shares of Stock

Tenable Holdings, Inc. (NASDAQ:TENB) Director A. Brooke Seawell sold 15,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $50.33, for a total transaction of $754,950.00. Following the transaction, the director owned 115,292 shares of the company’s stock, valued at $5,802,646.36. This represents a 11.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tenable Price Performance

TENB opened at $47.34 on Thursday. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 364.18 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $38.84 and a 200-day moving average price of $29.14. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $53.22.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $276.39 million for the quarter, compared to analyst estimates of $271.58 million. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities analysts expect that Tenable Holdings, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TENB. Wedbush boosted their target price on shares of Tenable from $29.00 to $35.00 and gave the company an “underperform” rating in a report on Thursday, October 29th. Barclays raised their price target on Tenable from $38.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, October 29th. Weiss Ratings upgraded Tenable from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Stephens reiterated a “positive” rating on shares of Tenable in a research note on Thursday, October 29th. Finally, Susquehanna increased their price objective on Tenable from $36.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, October 29th. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TENB. Salomon & Ludwin LLC purchased a new position in shares of Tenable in the 3rd quarter worth about $29,000. Harbor Investment Advisory LLC bought a new position in Tenable during the second quarter valued at approximately $66,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Tenable by 1,021.0% during the third 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. Fulcrum Asset Management LLP raised its stake in shares of Tenable by 143.0% during the third 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. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Tenable in the 2nd quarter worth approximately $81,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About Tenable

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.