John C. Huffard, Jr. Sells 46,056 Shares of Tenable Holdings Inc (NASDAQ:TENB) Stock

Tenable Holdings Inc (NASDAQ:TENB) Director John C. Huffard, Jr. sold 46,056 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $31.69, for a total value of $1,459,514.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tenable stock traded up $0.58 during mid-day trading on Friday, hitting $33.91. The stock had a trading volume of 414,438 shares, compared to its average volume of 671,830. The stock has a market cap of $3.26 billion and a price-to-earnings ratio of -24.93. Tenable Holdings Inc has a 12 month low of $20.00 and a 12 month high of $39.38. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, February 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The firm had revenue of $75.22 million during the quarter, compared to the consensus estimate of $72.59 million. During the same quarter in the prior year, the business earned ($0.12) EPS. Tenable’s revenue was up 39.0% on a year-over-year basis. As a group, sell-side analysts expect that Tenable Holdings Inc will post -1.11 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. ETF Managers Group LLC boosted its holdings in Tenable by 0.6% during the fourth quarter. ETF Managers Group LLC now owns 2,023,483 shares of the company’s stock worth $44,901,000 after buying an additional 11,108 shares during the last quarter. Capital World Investors bought a new position in Tenable during the third quarter worth about $63,569,000. Vanguard Group Inc bought a new position in shares of Tenable during the 3rd quarter valued at about $39,403,000. Vanguard Group Inc. bought a new position in shares of Tenable during the 3rd quarter valued at about $39,403,000. Finally, BlackRock Inc. lifted its holdings in shares of Tenable by 3.9% during the 4th quarter. BlackRock Inc. now owns 955,614 shares of the company’s stock valued at $21,206,000 after purchasing an additional 35,472 shares in the last quarter. Hedge funds and other institutional investors own 42.01% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Tenable from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Saturday, February 9th. Summit Insights assumed coverage on Tenable in a research note on Monday, February 11th. They issued a “buy” rating for the company. Finally, Morgan Stanley upgraded Tenable from an “equal” rating to an “overweight” rating and raised their target price for the company from $30.00 to $31.00 in a research note on Tuesday, January 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.86.

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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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