Crestwood Advisors Group LLC Sells 1,000 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Crestwood Advisors Group LLC lessened its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,249 shares of the company’s stock after selling 1,000 shares during the period. Crestwood Advisors Group LLC’s holdings in Tenable were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Perigon Wealth Management LLC bought a new stake in Tenable in the 4th quarter worth approximately $1,887,000. Mutual of America Capital Management LLC boosted its stake in shares of Tenable by 39.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock worth $3,816,000 after acquiring an additional 23,385 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Tenable by 6.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 801,267 shares of the company’s stock worth $36,906,000 after acquiring an additional 48,410 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of Tenable by 0.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 121,194 shares of the company’s stock worth $5,582,000 after acquiring an additional 474 shares during the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of Tenable by 16.5% during the 4th quarter. Fulton Bank N.A. now owns 7,281 shares of the company’s stock worth $335,000 after acquiring an additional 1,029 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 800 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $47.75, for a total value of $38,200.00. Following the transaction, the chief executive officer now directly owns 291,532 shares in the company, valued at approximately $13,920,653. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tenable news, CEO Amit Yoran sold 800 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $47.75, for a total value of $38,200.00. Following the transaction, the chief executive officer now directly owns 291,532 shares in the company, valued at approximately $13,920,653. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen A. Vintz sold 5,216 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.22, for a total transaction of $241,083.52. Following the completion of the transaction, the chief financial officer now owns 238,593 shares in the company, valued at $11,027,768.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 351,383 shares of company stock worth $16,650,143. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Truist Financial lifted their price target on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Tenable in a research note on Wednesday, April 10th. Westpark Capital upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday, January 12th. Finally, Susquehanna boosted their price target on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.63.

Tenable Stock Down 5.3 %

Shares of NASDAQ:TENB opened at $45.94 on Tuesday. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The firm’s 50-day moving average is $48.31 and its 200 day moving average is $45.09. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.06. The company had revenue of $213.31 million for the quarter, compared to the consensus estimate of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. As a group, sell-side analysts expect that Tenable Holdings, Inc. will post -0.12 earnings per share for the current fiscal 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 Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.