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Taking a Closer Look At Tenable Holdings Inc (TENB) Following Its Recent Trade

Tenable Holdings Inc’s filing revealed that its Chief Operating Officer Thurmond Mark C. unloaded Company’s shares for reported $40330.0 on Nov 27 ’24. In the deal valued at $42.95 per share,939 shares were sold. As a result of this transaction, Thurmond Mark C. now holds 38,046 shares worth roughly $1.62 million.

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Then, Thurmond Mark C. sold 3,423 shares, generating $145,727 in total proceeds. Upon selling the shares at $42.57, the Chief Operating Officer now owns 38,985 shares.

Before that, Thurmond Mark C. bought 939 shares. Tenable Holdings Inc shares valued at $40,330 were divested by the Officer at a price of $42.95 per share.

Morgan Stanley downgraded its Tenable Holdings Inc [TENB] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. DA Davidson also remained covering TENB and has decreased its forecast on August 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. Robert W. Baird started covering the stock on July 15, 2024. It rated TENB as “an Outperform”.

Price Performance Review of TENB

On Monday, Tenable Holdings Inc [NASDAQ:TENB] saw its stock jump 2.21% to $42.52. Over the last five days, the stock has lost -1.14%. Tenable Holdings Inc shares have fallen nearly -7.69% since the year began. Nevertheless, the stocks have fallen -0.63% over the past one year. While a 52-week high of $53.50 was reached on 02/07/24, a 52-week low of $35.25 was recorded on 08/01/24. SMA at 50 days reached $41.71, while 200 days put it at $42.98.

Levels Of Support And Resistance For TENB Stock

The 24-hour chart illustrates a support level at 41.74, which if violated will result in even more drops to 40.97. On the upside, there is a resistance level at 43.12. A further resistance level may holdings at 43.73. The Relative Strength Index (RSI) on the 14-day chart is 52.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.19%. Stochastics %K at 51.08% indicates the stock is a holding.

How much short interest is there in Tenable Holdings Inc?

A steep rise in short interest was recorded in Tenable Holdings Inc stocks on 2024-11-29, dropping by -0.45 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.28 million shares. There was a decline of -11.65%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 26, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $47 price target.

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