Tenable (NASDAQ:TENB) Director Linda Kay Zecher Sells 690 Shares

Tenable Holdings, Inc. (NASDAQ:TENB) Director Linda Kay Zecher sold 690 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.76, for a total transaction of $24,674.40. Following the completion of the sale, the director directly owned 7,012 shares of the company’s stock, valued at approximately $250,749.12. The trade was a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Linda Kay Zecher also recently made the following trade(s):

• On Tuesday, August 18th, Linda Kay Zecher sold 700 shares of Tenable stock. The stock was sold at an average price of $35.46, for a total transaction of $24,822.00.

Tenable Price Performance

Shares of Tenable stock opened at $34.11 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 682.34 and a beta of 0.94. Tenable Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $43.67. The company has a 50-day simple moving average of $34.61 and a two-hundred day simple moving average of $26.01.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to analysts’ expectations of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Analysts forecast that Tenable Holdings, Inc. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Tenable during the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in Tenable during the fourth quarter worth $28,000. Horizon Investments LLC bought a new position in shares of Tenable in the third quarter valued at $45,000. Quadrant Capital Group LLC acquired a new position in shares of Tenable during the fourth quarter valued at about $38,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Tenable during the second quarter worth about $66,000. Institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TENB. Stifel Nicolaus raised their price target on Tenable from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Tenable from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Robert W. Baird set a $34.00 price target on shares of Tenable in a research report on Thursday, April 30th. Truist Financial lowered their price objective on shares of Tenable from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Finally, TD Cowen upped their target price on Tenable from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.68.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.