Advisor Group Holdings Inc. increased its stake in shares of Tenable Holdings, Inc. (NASDAQ: TENB – Get Rating) by 196.1% during the first quarter, according to the company in its latest Form 13F filing with the Securities & Exchange Commission. The company held 22,857 shares of the company after purchasing an additional 15,138 shares during the period. Advisor Group Holdings Inc.’s holdings in Tenable were worth $1,323,000 at the end of the last reporting period.
Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. KRS Capital Management LLC bought a new position in Tenable during the fourth quarter worth approximately $33,000. Evoke Wealth LLC increased its position in Tenable by 1,220.3% during the fourth quarter. Evoke Wealth LLC now owns 779 shares of the company valued at $43,000 after purchasing an additional 720 shares during the period. Exane Derivatives bought a new position in Tenable during the first quarter worth approximately $72,000. Point72 Hong Kong Ltd bought a new position in Tenable during the fourth quarter worth around $80,000. Finally, Commonwealth Equity Services LLC bought a new position in Tenable during the fourth quarter worth approximately $211,000. Institutional investors hold 83.39% of the company’s shares.
Insider Activity at Tenable
Separately, director Linda Kay Zecher sold 1,925 shares of the company in a trade on Tuesday, June 7. The shares were sold at an average price of $52.00, for a total transaction of $100,100.00. Following completion of the transaction, the administrator now directly owns 9,367 shares of the company, valued at $487,084. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. In other Tenable news, CEO Amit Yoran sold 5,911 shares in a trade on Monday, May 23. The shares were sold at an average price of $47.85, for a total transaction of $282,841.35. Following completion of the transaction, the CEO now owns 98,379 shares of the company, valued at $4,707,435.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Linda Kay Zecher sold 1,925 shares in a trade on Tuesday, June 7. The shares were sold at an average price of $52.00, for a total transaction of $100,100.00. Following the transaction, the director now owns 9,367 shares of the company, valued at approximately $487,084. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 75,437 shares of the company valued at $3,477,470. Company insiders own 4.80% of the company’s shares.
Sustainable inventory performance
TENB opened at $41.36 on Friday. The stock has a market capitalization of $4.62 billion, a price-earnings ratio of -57.44 and a beta of 1.35. The company has a fifty-day moving average of $45.31 and a 200-day moving average of $50.22. Tenable Holdings, Inc. has a fifty-two-week low of $36.67 and a fifty-two-week high of $63.61. The company has a debt ratio of 1.53, a quick ratio of 1.47 and a current ratio of 1.47.
Tenable (NASDAQ:TENB – Get Rating) last reported results on Tuesday, July 26. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The company posted revenue of $164.34 million for the quarter, compared to $163.47 million expected by analysts. Tenable had a negative net margin of 12.97% and a negative return on equity of 33.54%. As a group, sell-side analysts expect Tenable Holdings, Inc. to post -0.51 earnings per share for the current fiscal year.
Wall Street analysts predict growth
The TENB has been the subject of several research reports. Stifel Nicolaus raised his target price on Tenable shares from $63.00 to $66.00 in a Wednesday, April 27 report. William Blair reaffirmed an “outperform” rating on Tenable shares in a Wednesday, July 20, report. Canaccord Genuity Group cut its target price on Tenable shares from $65.00 to $56.00 in a Wednesday, July 27, report. Needham & Company LLC cut its price target on Tenable shares from $60.00 to $52.00 and set an “outperform” rating for the company in a Wednesday, July 27 report. Finally, Barclays cut its price target on Tenable shares from $58.00 to $45.00 and set an “overweight” rating for the company in a Wednesday, July 27 report. Sixteen research analysts have rated the stock with a buy rating. According to MarketBeat, Tenable has a consensus rating of “Buy” and an average price target of $56.87.
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Tenable Holdings, Inc provides cyber exposure solutions for the Americas, Europe, Middle East, Africa, 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 application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which analyzes modern web applications; and Tenable.ep, a unified platform that helps organizations accurately identify, assess and prioritize cyber risks across the entire attack surface.
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