Captrust Financial Advisors Buys New Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Captrust Financial Advisors bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,083 shares of the company’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TENB. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Tenable during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new position in shares of Tenable during the 4th quarter valued at about $38,000. Johnson Financial Group Inc. bought a new position in shares of Tenable during the 4th quarter valued at about $53,000. Finally, Larson Financial Group LLC boosted its position in shares of Tenable by 89.9% during the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after purchasing an additional 675 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TENB shares. Cantor Fitzgerald started coverage on shares of Tenable in a research report on Monday, March 31st. They set an “overweight” rating and a $50.00 price objective for the company. Needham & Company LLC reduced their price objective on shares of Tenable from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Westpark Capital restated a “hold” rating on shares of Tenable in a research report on Wednesday, April 30th. Robert W. Baird reduced their price objective on shares of Tenable from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley reduced their price objective on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.44.

Tenable Stock Performance

TENB stock opened at $32.05 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $3.92 billion, a P/E ratio of -106.83 and a beta of 0.83. The firm has a 50 day simple moving average of $33.24 and a 200 day simple moving average of $38.03. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $239.14 million during the quarter, compared to analysts’ expectations of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. Research analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Mark C. Thurmond sold 3,606 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total transaction of $138,758.88. Following the transaction, the chief executive officer now owns 74,295 shares of the company’s stock, valued at approximately $2,858,871.60. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,787 shares of company stock worth $486,206. 1.50% of the stock is owned by company insiders.

About Tenable

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.