Panagora Asset Management Inc. raised its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 436,713 shares of the company’s stock after buying an additional 10,123 shares during the quarter. Panagora Asset Management Inc. owned 0.38% of Tenable worth $20,748,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TENB. Swiss National Bank raised its position in Tenable by 2.8% during the fourth quarter. Swiss National Bank now owns 269,600 shares of the company’s stock valued at $10,285,000 after buying an additional 7,400 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tenable in the first quarter worth approximately $94,000. Aristotle Atlantic Partners LLC boosted its holdings in shares of Tenable by 34.2% during the fourth quarter. Aristotle Atlantic Partners LLC now owns 11,443 shares of the company’s stock worth $437,000 after purchasing an additional 2,915 shares during the period. Artemis Investment Management LLP grew its position in Tenable by 30.4% during the first quarter. Artemis Investment Management LLP now owns 825,402 shares of the company’s stock valued at $39,147,000 after purchasing an additional 192,592 shares in the last quarter. Finally, AMI Asset Management Corp increased its stake in Tenable by 1.8% in the 1st quarter. AMI Asset Management Corp now owns 107,296 shares of the company’s stock valued at $5,098,000 after buying an additional 1,946 shares during the period. 88.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently commented on TENB. Wells Fargo & Company boosted their price target on shares of Tenable from $52.00 to $60.00 in a report on Wednesday, July 26th. Barclays upped their target price on Tenable from $49.00 to $51.00 in a research report on Wednesday, July 26th. TheStreet upgraded Tenable from a “d+” rating to a “c-” rating in a report on Thursday, August 3rd. Canaccord Genuity Group increased their price objective on Tenable from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, UBS Group assumed coverage on shares of Tenable in a research note on Thursday, July 6th. They issued a “buy” rating and a $52.00 target price for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tenable has a consensus rating of “Moderate Buy” and an average price target of $50.93.
Insider Transactions at Tenable
In other news, CEO Amit Yoran sold 41,966 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $48.20, for a total value of $2,022,761.20. Following the sale, the chief executive officer now owns 240,013 shares in the company, valued at $11,568,626.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Tenable news, CFO Stephen A. Vintz sold 4,226 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $45.03, for a total value of $190,296.78. Following the completion of the sale, the chief financial officer now owns 214,048 shares in the company, valued at approximately $9,638,581.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amit Yoran sold 41,966 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $48.20, for a total value of $2,022,761.20. Following the sale, the chief executive officer now owns 240,013 shares in the company, valued at $11,568,626.60. The disclosure for this sale can be found here. Insiders sold a total of 93,440 shares of company stock worth $4,330,649 over the last three months. 4.50% of the stock is currently owned by insiders.
Tenable Stock Performance
NASDAQ:TENB opened at $44.13 on Thursday. The firm has a market capitalization of $5.10 billion, a PE ratio of -61.29 and a beta of 1.24. Tenable Holdings, Inc. has a 1 year low of $28.80 and a 1 year high of $49.77. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.15. The firm’s fifty day simple moving average is $44.33 and its 200 day simple moving average is $42.90.
Tenable (NASDAQ:TENB – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $195.04 million during the quarter, compared to analysts’ expectations of $190.24 million. Tenable had a negative net margin of 10.94% and a negative return on equity of 23.51%. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post -0.37 EPS for the current year.
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 cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.
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