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 $11.61 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 $11.61 million.
As published in their initiating research note from Scotiabank on April 26, 2024, Tenable Holdings Inc [TENB] has been a Sector perform and the price target has been revised to $47. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of January 09, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for TENB. Earlier on December 15, 2023, Susquehanna initiated its rating. Their recommendation was “a Positive” for TENB stock.
Analyzing TENB Stock Performance
During the last five days, there has been a drop of approximately -2.99%. Over the course of the year, Tenable Holdings Inc shares have dropped approximately -2.24%. 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 $47.10, while a 200-day SMA reached $45.13. Nevertheless, trading volume fell to 1.14 million shares from 1.25 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 44.18, which, if violated, would cause prices to drop to 43.32. In the upper region, resistance lies at 45.95. The next price resistance is at 46.86. RSI (Relative Strength Index) is 41.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 78.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
