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A company insider recently sold 949 shares of Tenable Holdings Inc [TENB]. Should You also Consider to Sale?

Tenable Holdings Inc’s filing revealed that its Chief Operating Officer Thurmond Mark C. unloaded Company’s shares for reported $41728.0 on May 28 ’24. In the deal valued at $43.97 per share,949 shares were sold. As a result of this transaction, Thurmond Mark C. now holds 32,906 shares worth roughly $1.33 million.

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Then, Yoran Amit sold 5,684 shares, generating $247,140 in total proceeds. Upon selling the shares at $43.48, the President, CEO and Chairman now owns 374,922 shares.

Before that, Vintz Stephen A sold 3,418 shares. Tenable Holdings Inc shares valued at $148,615 were divested by the Chief Financial Officer at a price of $43.48 per share. As a result of the transaction, Vintz Stephen A now holds 268,200 shares, worth roughly $10.82 million.

Scotiabank initiated its Tenable Holdings Inc [TENB] rating to a Sector perform in a research note published on April 26, 2024; the price target was $47. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. Morgan Stanley also remained covering TENB and has increased its forecast on January 09, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Susquehanna started covering the stock on December 15, 2023. It rated TENB as “a Positive”.

Price Performance Review of TENB

On Friday, Tenable Holdings Inc [NASDAQ:TENB] saw its stock jump 3.04% to $40.33. Over the last five days, the stock has lost -1.15%. Tenable Holdings Inc shares have fallen nearly -12.44% since the year began. Nevertheless, the stocks have fallen -1.51% over the past one year. While a 52-week high of $53.50 was reached on 02/07/24, a 52-week low of $33.85 was recorded on 06/20/24. SMA at 50 days reached $43.64, while 200 days put it at $44.66. A total of 4.25 million shares were traded, compared to the trading of 1.2 million shares in the previous session.

Levels Of Support And Resistance For TENB Stock

The 24-hour chart illustrates a support level at 39.37, which if violated will result in even more drops to 38.40. On the upside, there is a resistance level at 40.88. A further resistance level may holdings at 41.42. The Relative Strength Index (RSI) on the 14-day chart is 40.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.43%. Stochastics %K at 22.38% indicates the stock is a holding.

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