Raymond James Financial Services Advisors Inc. Buys 9,978 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Raymond James Financial Services Advisors Inc. raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,981 shares of the company’s stock after purchasing an additional 9,978 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Tenable were worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Tenable by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company’s stock valued at $572,138,000 after purchasing an additional 595,338 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Tenable by 2.1% during the 1st quarter. BlackRock Inc. now owns 7,809,324 shares of the company’s stock valued at $451,302,000 after purchasing an additional 163,682 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Tenable by 1.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,028,326 shares of the company’s stock valued at $175,007,000 after purchasing an additional 38,358 shares during the last quarter. Pictet Asset Management SA boosted its holdings in shares of Tenable by 47,669.9% during the 2nd quarter. Pictet Asset Management SA now owns 2,626,867 shares of the company’s stock valued at $119,286,000 after purchasing an additional 2,621,368 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Tenable by 10.9% during the 2nd quarter. State Street Corp now owns 2,187,829 shares of the company’s stock valued at $99,349,000 after purchasing an additional 215,108 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Insider Buying and Selling at Tenable

In other news, CEO Amit Yoran sold 4,754 shares of Tenable stock in a transaction on Friday, November 18th. The shares were sold at an average price of $38.61, for a total transaction of $183,551.94. Following the completion of the sale, the chief executive officer now directly owns 136,886 shares in the company, valued at $5,285,168.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Amit Yoran sold 4,754 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $38.61, for a total transaction of $183,551.94. Following the completion of the transaction, the chief executive officer now owns 136,886 shares of the company’s stock, valued at $5,285,168.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 2,758 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $38.61, for a total transaction of $106,486.38. Following the transaction, the chief financial officer now directly owns 154,333 shares of the company’s stock, valued at approximately $5,958,797.13. The disclosure for this sale can be found here. Insiders sold a total of 33,450 shares of company stock worth $1,258,075 over the last three months. Corporate insiders own 4.80% of the company’s stock.

Tenable Price Performance

Shares of TENB opened at $37.03 on Tuesday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of -50.04 and a beta of 1.28. Tenable Holdings, Inc. has a twelve month low of $28.80 and a twelve month high of $63.61. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average of $37.76 and a two-hundred day moving average of $39.16.

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

Analyst Upgrades and Downgrades

TENB has been the subject of a number of analyst reports. Piper Sandler lowered their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 5th. Barclays increased their price target on shares of Tenable from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. Berenberg Bank initiated coverage on shares of Tenable in a report on Thursday, October 20th. They issued a “hold” rating and a $32.00 price target for the company. Wedbush lowered their price target on shares of Tenable from $57.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Truist Financial lowered their price target on shares of Tenable from $65.00 to $50.00 and set a “buy” rating for the company in a report on Monday, October 24th. Three 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.com, Tenable presently has an average rating of “Moderate Buy” and a consensus target price of $51.33.

About Tenable

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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.

Further Reading

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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