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Understanding the Risks of Investing in Tenable Holdings Inc (TENB)

In a filing, Tenable Holdings Inc revealed 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 $1.52 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 $1.32 million.

Jefferies initiated its Tenable Holdings Inc [TENB] rating to a Hold in a research note published on October 16, 2024; the price target was $45. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Robert W. Baird began covering TENB with “an Outperform” recommendation on July 15, 2024. Scotiabank started covering the stock on April 26, 2024. It rated TENB as “a Sector perform”.

Price Performance Review of TENB

On Friday, Tenable Holdings Inc [NASDAQ:TENB] saw its stock fall -2.10% to $38.78. Over the last five days, the stock has lost -6.85%. Tenable Holdings Inc shares have fallen nearly -15.81% since the year began. Nevertheless, the stocks have fallen -7.60% 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 $40.71, while 200 days put it at $43.97.

Levels Of Support And Resistance For TENB Stock

The 24-hour chart illustrates a support level at 38.24, which if violated will result in even more drops to 37.70. On the upside, there is a resistance level at 39.80. A further resistance level may holdings at 40.82. The Relative Strength Index (RSI) on the 14-day chart is 37.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.69%. Stochastics %K at 13.49% indicates the stock is a buying.

How much short interest is there in Tenable Holdings Inc?

A steep rise in short interest was recorded in Tenable Holdings Inc stocks on 2024-10-15, dropping by 27118.0 shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.51 million shares. There was a decline of -0.6%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 07, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $62.

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