Envestnet Asset Management Inc. lowered its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,001 shares of the company’s stock after selling 984 shares during the period. Envestnet Asset Management Inc.’s holdings in Tenable were worth $1,259,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust purchased a new position in shares of Tenable during the first quarter worth $25,000. Captrust Financial Advisors lifted its stake in Tenable by 81.0% during the 2nd quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 354 shares in the last quarter. Castleview Partners LLC purchased a new position in Tenable during the 4th quarter valued at about $62,000. Nisa Investment Advisors LLC grew its position in Tenable by 26.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $111,000 after acquiring an additional 574 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in Tenable during the fourth quarter worth about $146,000. Institutional investors and hedge funds own 86.71% of the company’s stock.
In related news, CEO Amit Yoran sold 6,489 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $40.31, for a total transaction of $261,571.59. Following the transaction, the chief executive officer now owns 218,191 shares in the company, valued at approximately $8,795,279.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Mark C. Thurmond sold 2,472 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $44.02, for a total value of $108,817.44. Following the completion of the sale, the chief operating officer now owns 28,316 shares in the company, valued at approximately $1,246,470.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 6,489 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $40.31, for a total transaction of $261,571.59. Following the sale, the chief executive officer now owns 218,191 shares of the company’s stock, valued at approximately $8,795,279.21. The disclosure for this sale can be found here. In the last three months, insiders sold 66,637 shares of company stock valued at $2,909,633. Insiders own 4.50% of the company’s stock.
Tenable Stock Down 7.0 %
Tenable (NASDAQ:TENB – Get Rating) last announced its quarterly earnings results on Monday, April 24th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.03 by $0.08. Tenable had a negative net margin of 13.02% and a negative return on equity of 30.21%. The firm had revenue of $188.84 million for the quarter, compared to analyst estimates of $187.14 million. During the same period last year, the business earned ($0.17) EPS. Tenable’s revenue for the quarter was up 18.5% compared to the same quarter last year. Research analysts expect that Tenable Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
TENB has been the subject of several recent research reports. Barclays lowered their price objective on shares of Tenable from $50.00 to $44.00 in a research note on Tuesday, April 25th. Stifel Nicolaus cut their price objective on Tenable from $53.00 to $47.00 in a research report on Tuesday, April 25th. Needham & Company LLC reduced their price objective on Tenable from $51.00 to $48.00 in a research note on Tuesday, April 25th. DA Davidson lowered their target price on Tenable from $54.00 to $48.00 in a research note on Tuesday, April 25th. Finally, Morgan Stanley reduced their price target on Tenable from $48.00 to $44.00 in a research report on Tuesday, April 25th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.40.
Tenable Holdings, Inc engages in the development of security software solutions. It offers Cyber Exposure which is a discipline for managing and measuring cybersecurity risk in the digital era. Its products include tenable.io, tenable.sc, tenable.ot, and nessus professional. The firm delivers solutions in the field of application security, cloud security, compliance, energy, finance, healthcare, and retail.
- Get a free copy of the StockNews.com research report on Tenable (TENB)
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