Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tenable Holdings Inc shares valued at $236,848 were sold by Yoran Amit on Aug 26 ’24. At $41.75 per share, Yoran Amit sold 5,673 shares. The insider’s holdings dropped to 39,309 shares worth approximately $1.67 million following the completion of this transaction.
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Also, Vintz Stephen A sold 3,413 shares, netting a total of over 142,493 in proceeds. Following the sale of shares at $41.75 each, the insider now holds 278,493 shares.
Before that, Thurmond Mark C. had sold 3,383 shares from its account. In a trade valued at $140,923, the Chief Operating Officer traded Tenable Holdings Inc shares for $41.66 each. Upon closing the transaction, the insider’s holdings decreased to 3,383 shares, worth approximately $1.45 million.
As published in a research note from DA Davidson on August 01, 2024, Tenable Holdings Inc [TENB] has been rated down from a Buy to a Neutral and the price target has been revised to $40 from $56. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of April 26, 2024, Scotiabank has initiated its “Sector perform” rating for TENB. Earlier on February 07, 2024, Needham resumed its rating. Their recommendation was “a Buy” for TENB stock.
Analyzing TENB Stock Performance
During the last five days, there has been a surge of approximately 5.62%. Over the course of the year, Tenable Holdings Inc shares have dropped approximately -7.82%. Shares of the company reached a 52-week high of $53.50 on 02/07/24 and a 52-week low of $35.25 on 08/01/24. A 50-day SMA is recorded $40.72, while a 200-day SMA reached $44.31. Nevertheless, trading volume fell to 0.72 million shares from 0.72 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 41.47, which, if violated, would cause prices to drop to 40.49. In the upper region, resistance lies at 42.99. The next price resistance is at 43.53. RSI (Relative Strength Index) is 62.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 2.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
