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Robert W. Baird initates Tenable Holdings Inc (TENB) rating to an Outperform

In a filing, Tenable Holdings Inc revealed 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 $1.42 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 $11.59 million.

Robert W. Baird initiated its Tenable Holdings Inc [TENB] rating to an Outperform in a research note published on July 15, 2024; the price target was $55. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late April with a ‘”a Sector perform”‘ rating. Needham also remained covering TENB and reiterated its “Buy” recommendation on February 07, 2024. Morgan Stanley revised its rating on January 09, 2024. It rated TENB as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of TENB

On Friday, Tenable Holdings Inc [NASDAQ:TENB] saw its stock jump 0.70% to $43.20. Over the last five days, the stock has lost -0.39%. Tenable Holdings Inc shares have fallen nearly -6.21% since the year began. Nevertheless, the stocks have fallen -10.45% 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 $42.47, while 200 days put it at $44.41. A total of 0.67 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For TENB Stock

The 24-hour chart illustrates a support level at 42.66, which if violated will result in even more drops to 42.12. On the upside, there is a resistance level at 43.84. A further resistance level may holdings at 44.47. The Relative Strength Index (RSI) on the 14-day chart is 50.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.58%. Stochastics%K at 31.60% indicates the stock is a holding.

The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $55 price target.

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