Benjamin F. Edwards & Company Inc. Purchases New Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Benjamin F. Edwards & Company Inc. acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,555 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust acquired a new position in shares of Tenable in the 1st quarter valued at about $25,000. Captrust Financial Advisors boosted its stake in Tenable by 81.0% in the second quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 354 shares during the period. CI Investments Inc. grew its holdings in shares of Tenable by 590.7% during the second quarter. CI Investments Inc. now owns 1,713 shares of the company’s stock valued at $78,000 after purchasing an additional 1,465 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Tenable during the 1st quarter worth approximately $202,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Tenable in the 1st quarter worth approximately $207,000. Institutional investors own 86.71% of the company’s stock.

Tenable Stock Performance

TENB opened at $37.03 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock’s fifty day moving average is $37.76 and its 200-day moving average is $39.16. Tenable Holdings, Inc. has a one year low of $28.80 and a one year high of $63.61.

Tenable (NASDAQ:TENBGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. Tenable had a negative net margin of 12.63% and a negative return on equity of 32.47%. The company had revenue of $174.85 million during the quarter, compared to the consensus estimate of $170.27 million. On average, equities research analysts forecast that Tenable Holdings, Inc. will post -0.57 EPS for the current year.

Wall Street Analyst Weigh In

TENB has been the topic of several analyst reports. Truist Financial dropped their target price on Tenable from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, October 24th. Piper Sandler dropped their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 5th. Needham & Company LLC reduced their target price on shares of Tenable from $52.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Wedbush dropped their price target on shares of Tenable from $57.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Barclays boosted their price objective on Tenable from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 11th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tenable currently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 12,851 shares of Tenable stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $37.06, for a total value of $476,258.06. Following the transaction, the chief executive officer now owns 151,829 shares in the company, valued at $5,626,782.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Amit Yoran sold 12,851 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $37.06, for a total value of $476,258.06. Following the completion of the transaction, the chief executive officer now owns 151,829 shares in the company, valued at approximately $5,626,782.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 8,518 shares of Tenable stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $37.06, for a total value of $315,677.08. Following the completion of the transaction, the chief financial officer now directly owns 163,177 shares in the company, valued at approximately $6,047,339.62. The disclosure for this sale can be found here. Insiders sold a total of 33,450 shares of company stock valued at $1,258,075 over the last ninety days. Insiders own 4.80% of the company’s stock.

Tenable Profile

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Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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