Los Angeles Capital Management LLC Buys New Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Los Angeles Capital Management LLC purchased a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENBGet Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,800 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors have also made changes to their positions in the business. Parkside Financial Bank & Trust acquired a new stake in Tenable in the 1st quarter valued at approximately $25,000. Mirabella Financial Services LLP acquired a new position in Tenable during the 1st quarter valued at $202,000. Raymond James Financial Services Advisors Inc. bought a new stake in Tenable in the 1st quarter valued at $207,000. Keebeck Alpha LP acquired a new stake in Tenable in the 1st quarter worth $212,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Tenable during the 1st quarter worth about $215,000. 87.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BTIG Research lowered Tenable from a “buy” rating to a “neutral” rating in a research note on Monday, October 10th. DA Davidson cut their target price on Tenable from $53.00 to $47.00 in a research note on Wednesday, October 26th. William Blair reissued an “outperform” rating on shares of Tenable in a report on Wednesday, July 20th. Barclays reduced their price objective on shares of Tenable from $45.00 to $41.00 in a report on Tuesday, October 11th. Finally, Wolfe Research dropped their price target on shares of Tenable from $59.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.60.

Insider Activity

In other Tenable news, CFO Stephen A. Vintz sold 2,812 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $42.23, for a total transaction of $118,750.76. Following the transaction, the chief financial officer now owns 142,188 shares of the company’s stock, valued at approximately $6,004,599.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Tenable news, CFO Stephen A. Vintz sold 2,812 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $42.23, for a total transaction of $118,750.76. Following the completion of the sale, the chief financial officer now directly owns 142,188 shares of the company’s stock, valued at approximately $6,004,599.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jerry M. Kennelly sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $44.11, for a total transaction of $441,100.00. Following the completion of the transaction, the director now directly owns 11,639 shares in the company, valued at approximately $513,396.29. The disclosure for this sale can be found here. Insiders have sold 52,845 shares of company stock valued at $2,090,774 over the last three months. 4.80% of the stock is owned by insiders.

Tenable Stock Up 9.5 %

Shares of NASDAQ TENB opened at $38.02 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.40. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -51.38 and a beta of 1.35. Tenable Holdings, Inc. has a 12-month low of $28.80 and a 12-month high of $63.61. The firm’s 50-day simple moving average is $36.06 and its 200 day simple moving average is $42.98.

Tenable Company Profile

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

Receive News & Ratings for Tenable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenable and related companies with MarketBeat.com's FREE daily email newsletter.