Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tenable Holdings Inc shares valued at $768,362 were sold by Vintz Stephen A on Mar 28 ’24. At $49.56 per share, Vintz Stephen A sold 15,505 shares. The insider’s holdings dropped to 257,924 shares worth approximately $12.58 million following the completion of this transaction.
Also, Vintz Stephen A sold 11,586 shares, netting a total of over 568,988 in proceeds. Following the sale of shares at $49.11 each, the insider now holds 257,924 shares.
Before that, Vintz Stephen A had sold 78,409 shares from its account. In a trade valued at $3,847,530, the Chief Financial Officer traded Tenable Holdings Inc shares for $49.07 each. Upon closing the transaction, the insider’s holdings decreased to 78,409 shares, worth approximately $12.58 million.
As published in a research note from Needham on February 07, 2024, Tenable Holdings Inc [TENB] has been retained to a Buy and the price target has been revised to $62. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 15, 2023, Susquehanna has initiated its “Positive” rating for TENB. Earlier on October 09, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for TENB stock which previously was a “an Overweight”.
Analyzing TENB Stock Performance
During the last five days, there has been a surge of approximately 2.01%. Over the course of the year, Tenable Holdings Inc shares have jumped approximately 5.93%. Shares of the company reached a 52-week high of $53.50 on 02/07/24 and a 52-week low of $42.71 on 01/05/24. A 50-day SMA is recorded $48.17, while a 200-day SMA reached $44.89. Nevertheless, trading volume fell to 0.54 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Tenable Holdings Inc (TENB)
According to the 24-hour chart, there is a support level at 47.82, which, if violated, would cause prices to drop to 46.84. In the upper region, resistance lies at 49.31. The next price resistance is at 49.82. RSI (Relative Strength Index) is 54.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 45.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Tenable Holdings Inc subject to short interest?
Stocks of Tenable Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.93 million shares to 5.21 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.28 million shares. A jump of 17.85% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.13.
