Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tenable Holdings Inc shares valued at $145,727 were sold by Thurmond Mark C. on Nov 26 ’24. At $42.57 per share, Thurmond Mark C. sold 3,423 shares. The insider’s holdings dropped to 38,985 shares worth approximately $1.63 million following the completion of this transaction.
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Also, Thurmond Mark C. purchased 939 shares, netting a total of over 40,330 in proceeds.
Before that, Thurmond Mark C. had sold 2,343 shares from its account. In a trade valued at $100,140, the Chief Operating Officer traded Tenable Holdings Inc shares for $42.74 each. Upon closing the transaction, the insider’s holdings decreased to 2,343 shares, worth approximately $1.56 million.
As published in their initiating research note from Jefferies on October 16, 2024, Tenable Holdings Inc [TENB] has been a Hold and the price target has been revised to $45. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of July 15, 2024, Robert W. Baird has initiated its “an Outperform” rating for TENB. Earlier on April 26, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector perform” for TENB stock.
Analyzing TENB Stock Performance
During the last five days, there has been a surge of approximately 2.60%. Over the course of the year, Tenable Holdings Inc shares have dropped approximately -9.08%. 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 $41.17, while a 200-day SMA reached $43.34. Nevertheless, trading volume fell to 0.47 million shares from 0.78 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 41.35, which, if violated, would cause prices to drop to 40.83. In the upper region, resistance lies at 42.79. The next price resistance is at 43.71. RSI (Relative Strength Index) is 52.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 45.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
