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 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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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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