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 $31,163 were sold by Vicks Raymond Jr. on Jan 08 ’25. At $38.52 per share, Vicks Raymond Jr. sold 809 shares. The insider’s holdings dropped to 8,659 shares worth approximately $0.35 million following the completion of this transaction.
Also, Vicks Raymond Jr. purchased 809 shares, netting a total of over 31,163 in proceeds.
Before that, Thurmond Mark C. had sold 939 shares from its account. In a trade valued at $40,330, the Chief Operating Officer traded Tenable Holdings Inc shares for $42.95 each. Upon closing the transaction, the insider’s holdings decreased to 939 shares, worth approximately $1.54 million.
As published in a research note from Morgan Stanley on December 02, 2024, Tenable Holdings Inc [TENB] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $47. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid October. As of August 01, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for TENB. Earlier on July 15, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for TENB stock.
Analyzing TENB Stock Performance
During the last five days, there has been a surge of approximately 3.98%. Over the course of the year, Tenable Holdings Inc shares have jumped approximately 2.89%. Shares of the company reached a 52-week high of $40.78 on 01/15/25 and a 52-week low of $37.78 on 01/13/25. A 50-day SMA is recorded $41.06, while a 200-day SMA reached $42.27. Nevertheless, trading volume fell to 1.13 million shares from 1.06 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 39.84, which, if violated, would cause prices to drop to 39.16. In the upper region, resistance lies at 40.99. The next price resistance is at 41.46. RSI (Relative Strength Index) is 51.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 23.99%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
