First Trust Advisors LP Acquires 680,477 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

First Trust Advisors LP lifted its holdings in Tenable Holdings, Inc. (NASDAQ:TENBFree Report) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,452,555 shares of the company’s stock after buying an additional 680,477 shares during the period. First Trust Advisors LP owned about 3.81% of Tenable worth $205,085,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TENB. NBC Securities Inc. purchased a new position in Tenable during the third quarter worth $27,000. Victory Capital Management Inc. lifted its stake in Tenable by 5.4% in the third quarter. Victory Capital Management Inc. now owns 12,454 shares of the company’s stock worth $558,000 after purchasing an additional 633 shares during the last quarter. Barclays PLC boosted its position in shares of Tenable by 2.7% during the third quarter. Barclays PLC now owns 420,477 shares of the company’s stock valued at $18,838,000 after buying an additional 10,970 shares during the period. New York State Common Retirement Fund grew its stake in shares of Tenable by 164.9% during the third quarter. New York State Common Retirement Fund now owns 121,062 shares of the company’s stock valued at $5,424,000 after buying an additional 75,369 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Tenable by 88.1% in the third quarter. Quantbot Technologies LP now owns 23,941 shares of the company’s stock worth $1,073,000 after buying an additional 11,214 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $47.65, for a total transaction of $476,500.00. Following the transaction, the chief executive officer now owns 338,226 shares in the company, valued at approximately $16,116,468.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tenable news, CFO Stephen A. Vintz sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total transaction of $9,386,000.00. Following the completion of the transaction, the chief financial officer now directly owns 257,256 shares of the company’s stock, valued at approximately $12,073,024.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amit Yoran sold 10,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $47.65, for a total transaction of $476,500.00. Following the completion of the sale, the chief executive officer now owns 338,226 shares in the company, valued at approximately $16,116,468.90. The disclosure for this sale can be found here. Insiders sold 272,047 shares of company stock valued at $12,779,475 in the last three months. 4.30% of the stock is owned by insiders.

Tenable Price Performance

Shares of TENB opened at $41.26 on Thursday. The company has a 50 day moving average of $45.32 and a two-hundred day moving average of $45.76. The company has a market cap of $4.90 billion, a price-to-earnings ratio of -71.14 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50.

Tenable (NASDAQ:TENBGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The company had revenue of $215.96 million for the quarter, compared to analyst estimates of $213.56 million. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. As a group, analysts predict that Tenable Holdings, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TENB shares. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Tenable in a report on Thursday, May 2nd. Scotiabank initiated coverage on shares of Tenable in a research note on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price target on the stock. Truist Financial upped their target price 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. Stephens raised their target price on shares of Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $62.00 price target on shares of Tenable in a report on Tuesday, May 14th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.20.

View Our Latest Stock Report on Tenable

Tenable Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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