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Tenable Holdings Inc (TENB) Becoming More Attractive for Investors

Tenable Holdings Inc’s recent filing unveils that its President, CEO and Chairman Yoran Amit unloaded Company’s shares for reported $0.24 million on Aug 26 ’24. In the deal valued at $41.75 per share,5,673 shares were sold. As a result of this transaction, Yoran Amit now holds 39,309 shares worth roughly $1.67 million.

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Then, Vintz Stephen A sold 3,413 shares, generating $142,493 in total proceeds. Upon selling the shares at $41.75, the Chief Financial Officer now owns 278,493 shares.

Before that, Thurmond Mark C. sold 3,383 shares. Tenable Holdings Inc shares valued at $140,923 were divested by the Chief Operating Officer at a price of $41.66 per share. As a result of the transaction, Thurmond Mark C. now holds 34,079 shares, worth roughly $1.45 million.

DA Davidson downgraded its Tenable Holdings Inc [TENB] rating to a Neutral from a a Buy in a research note published on August 01, 2024; the price target was decreased to $40 from $56. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Scotiabank began covering TENB with “Sector perform” recommendation on April 26, 2024. Needham maintained its rating on February 07, 2024. It rated TENB as “a Buy”.

Price Performance Review of TENB

On Tuesday, Tenable Holdings Inc [NASDAQ:TENB] saw its stock jump 0.57% to $42.56. Over the last five days, the stock has gained 3.80%. Tenable Holdings Inc shares have fallen nearly -7.60% since the year began. Nevertheless, the stocks have fallen -0.61% 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 08/01/24. SMA at 50 days reached $40.77, while 200 days put it at $44.23.

Levels Of Support And Resistance For TENB Stock

The 24-hour chart illustrates a support level at 42.05, which if violated will result in even more drops to 41.54. On the upside, there is a resistance level at 42.93. A further resistance level may holdings at 43.29. The Relative Strength Index (RSI) on the 14-day chart is 62.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.57%. Stochastics %K at 86.33% indicates the stock is a selling.

How much short interest is there in Tenable Holdings Inc?

A steep rise in short interest was recorded in Tenable Holdings Inc stocks on 2024-09-30, dropping by -0.36 million shares to a total of 4.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.41 million shares. There was a decline of -8.97%, which implies that there is a negative sentiment for the stock.

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