Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Daventry Group LP

Daventry Group LP boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 6.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 612,433 shares of the company’s stock after buying an additional 38,979 shares during the period. Tenable makes up approximately 20.4% of Daventry Group LP’s holdings, making the stock its biggest holding. Daventry Group LP owned 0.53% of Tenable worth $29,097,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Delphia USA Inc. lifted its position in Tenable by 5.0% in the 4th quarter. Delphia USA Inc. now owns 6,107 shares of the company’s stock valued at $233,000 after acquiring an additional 290 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Tenable by 1.4% during the fourth quarter. Verition Fund Management LLC now owns 21,278 shares of the company’s stock worth $812,000 after buying an additional 292 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in shares of Tenable by 4.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,923 shares of the company’s stock worth $264,000 after buying an additional 299 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in shares of Tenable by 4.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,923 shares of the company’s stock worth $264,000 after buying an additional 299 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Tenable by 81.0% in the 2nd quarter. Captrust Financial Advisors now owns 791 shares of the company’s stock valued at $36,000 after buying an additional 354 shares during the last quarter. Institutional investors own 88.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TENB. Stephens assumed coverage on Tenable in a research report on Thursday, August 17th. They set an “overweight” rating and a $60.00 price target for the company. UBS Group began coverage on shares of Tenable in a report on Thursday, July 6th. They set a “buy” rating and a $52.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Tenable in a research note on Friday, August 4th. Wedbush boosted their price target on shares of Tenable from $45.00 to $55.00 in a research report on Wednesday, July 26th. Finally, Wells Fargo & Company raised their price objective on Tenable from $52.00 to $60.00 in a report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Tenable currently has an average rating of “Moderate Buy” and a consensus target price of $50.93.

Insider Activity

In related news, CEO Amit Yoran sold 41,966 shares of Tenable stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $48.20, for a total transaction of $2,022,761.20. Following the completion of the sale, the chief executive officer now owns 240,013 shares of the company’s stock, valued at approximately $11,568,626.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Amit Yoran sold 41,966 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $48.20, for a total value of $2,022,761.20. Following the transaction, the chief executive officer now owns 240,013 shares of the company’s stock, valued at $11,568,626.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark C. Thurmond sold 2,195 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $44.44, for a total transaction of $97,545.80. Following the transaction, the chief operating officer now directly owns 47,510 shares in the company, valued at $2,111,344.40. The disclosure for this sale can be found here. Insiders have sold 93,440 shares of company stock valued at $4,330,649 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Tenable Stock Performance

NASDAQ:TENB traded down $0.07 on Monday, hitting $45.30. The company’s stock had a trading volume of 407,900 shares, compared to its average volume of 920,817. Tenable Holdings, Inc. has a one year low of $28.80 and a one year high of $49.77. The firm has a market capitalization of $5.24 billion, a P/E ratio of -62.92 and a beta of 1.24. The stock has a fifty day moving average of $44.49 and a two-hundred day moving average of $42.89. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.15.

Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, July 25th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. Tenable had a negative return on equity of 23.51% and a negative net margin of 10.94%. The business had revenue of $195.04 million for the quarter, compared to analyst estimates of $190.24 million. Research analysts predict that Tenable Holdings, Inc. will post -0.37 earnings per share for the current year.

Tenable Profile

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.