Tenable Holdings Inc (NASDAQ:TENB) CEO Amit Yoran sold 1,244 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $27.83, for a total value of $34,620.52. Following the completion of the sale, the chief executive officer now directly owns 1,431,498 shares of the company’s stock, valued at approximately $39,838,589.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Amit Yoran also recently made the following trade(s):
- On Monday, November 25th, Amit Yoran sold 36,363 shares of Tenable stock. The shares were sold at an average price of $27.87, for a total transaction of $1,013,436.81.
- On Wednesday, November 20th, Amit Yoran sold 2,116 shares of Tenable stock. The shares were sold at an average price of $27.88, for a total value of $58,994.08.
TENB traded up $0.22 during mid-day trading on Friday, reaching $25.50. 11,155 shares of the stock were exchanged, compared to its average volume of 690,389. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.49 and a current ratio of 1.49. The company has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $25.61. Tenable Holdings Inc has a 1 year low of $20.00 and a 1 year high of $36.26. The stock has a market capitalization of $2.54 billion, a PE ratio of -18.74 and a beta of 2.73.
Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, October 29th. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.17. Tenable had a negative net margin of 24.14% and a negative return on equity of 64.46%. The firm had revenue of $91.90 million for the quarter, compared to analysts’ expectations of $88.79 million. During the same quarter last year, the firm earned ($0.14) EPS. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. Sell-side analysts expect that Tenable Holdings Inc will post -0.87 EPS for the current fiscal year.
TENB has been the subject of a number of research reports. Zacks Investment Research downgraded Tenable from a “buy” rating to a “hold” rating in a research report on Thursday. SunTrust Banks assumed coverage on Tenable in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $25.00 target price for the company. Finally, JPMorgan Chase & Co. raised shares of Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.70.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Tenable during the 2nd quarter worth approximately $31,000. Bank of Montreal Can raised its position in shares of Tenable by 1,850.0% in the 2nd quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock valued at $124,000 after acquiring an additional 4,107 shares during the period. Diversified Trust Co bought a new position in Tenable during the 3rd quarter worth approximately $205,000. Amundi Pioneer Asset Management Inc. bought a new position in Tenable during the 1st quarter worth approximately $244,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Tenable by 40.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock valued at $259,000 after purchasing an additional 2,630 shares in the last quarter. 60.08% of the stock is owned by institutional investors and hedge funds.
Tenable Company Profile
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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