Truist Financial Corp lowered its position in Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) by 5.2% during the 1st quarter, Holdings Channel reports. The fund owned 6,791 shares of the company’s stock after selling 373 shares during the period. Truist Financial Corp’s holdings in Tenable were worth $393,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TENB. Allianz Asset Management GmbH boosted its holdings in Tenable by 196.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,676,747 shares of the company’s stock worth $92,338,000 after acquiring an additional 1,110,745 shares in the last quarter. KCL Capital L.P. bought a new position in Tenable in the fourth quarter worth approximately $49,563,000. Loomis Sayles & Co. L P acquired a new stake in shares of Tenable in the 4th quarter worth about $34,806,000. American Century Companies Inc. raised its holdings in shares of Tenable by 107.1% in the 4th quarter. American Century Companies Inc. now owns 1,131,956 shares of the company’s stock worth $62,337,000 after acquiring an additional 585,424 shares during the last quarter. Finally, Daventry Group LP acquired a new stake in shares of Tenable in the 4th quarter worth about $19,047,000. Institutional investors own 83.39% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on TENB. Wolfe Research began coverage on shares of Tenable in a report on Monday, April 11th. They issued an “outperform” rating and a $70.00 target price on the stock. William Blair restated an “outperform” rating on shares of Tenable in a report on Wednesday, July 20th. Wells Fargo & Company reduced their target price on shares of Tenable from $57.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday. Needham & Company LLC reduced their target price on shares of Tenable from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Wedbush reduced their target price on shares of Tenable from $70.00 to $57.00 and set an “outperform” rating for the company in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $58.21.
Tenable Trading Down 15.6 %
Tenable (NASDAQ:TENB – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The company had revenue of $159.37 million during the quarter, compared to the consensus estimate of $153.57 million. Tenable had a negative return on equity of 27.76% and a negative net margin of 10.99%. During the same period last year, the firm posted ($0.03) EPS. Sell-side analysts expect that Tenable Holdings, Inc. will post -0.55 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Stephen A. Vintz sold 2,858 shares of Tenable stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $43.85, for a total value of $125,323.30. Following the sale, the chief financial officer now owns 129,880 shares of the company’s stock, valued at approximately $5,695,238. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Amit Yoran sold 10,000 shares of Tenable stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $47.64, for a total value of $476,400.00. Following the completion of the transaction, the chief executive officer now owns 109,847 shares in the company, valued at $5,233,111.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen A. Vintz sold 2,858 shares of Tenable stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $43.85, for a total transaction of $125,323.30. Following the completion of the transaction, the chief financial officer now owns 129,880 shares of the company’s stock, valued at approximately $5,695,238. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,832 shares of company stock valued at $4,674,217. 4.80% of the stock is owned by company insiders.
Tenable Company 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 application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.
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