Putnam Investments LLC Buys 47,137 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Putnam Investments LLC increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 15.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,079 shares of the company’s stock after purchasing an additional 47,137 shares during the period. Putnam Investments LLC owned 0.30% of Tenable worth $16,585,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in Tenable in the 1st quarter worth approximately $94,000. Acadian Asset Management LLC bought a new position in Tenable in the 1st quarter worth approximately $417,000. Aristotle Atlantic Partners LLC raised its position in Tenable by 34.2% in the 4th quarter. Aristotle Atlantic Partners LLC now owns 11,443 shares of the company’s stock worth $437,000 after purchasing an additional 2,915 shares during the last quarter. Artemis Investment Management LLP raised its position in Tenable by 30.4% in the 1st quarter. Artemis Investment Management LLP now owns 825,402 shares of the company’s stock worth $39,147,000 after purchasing an additional 192,592 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in Tenable in the 1st quarter worth approximately $86,621,000. Institutional investors own 88.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays upped their target price on shares of Tenable from $49.00 to $51.00 in a research report on Wednesday, July 26th. JPMorgan Chase & Co. upgraded shares of Tenable from a “neutral” rating to an “overweight” rating and upped their target price for the company from $51.00 to $56.00 in a research report on Monday. Canaccord Genuity Group upped their target price on shares of Tenable from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Piper Sandler upped their target price on shares of Tenable from $50.00 to $55.00 in a research report on Wednesday, July 26th. Finally, TheStreet upgraded shares of Tenable from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Tenable has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Tenable Price Performance

TENB stock opened at $46.56 on Friday. The stock has a 50-day moving average price of $45.00 and a two-hundred day moving average price of $43.02. The stock has a market cap of $5.38 billion, a PE ratio of -64.67 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.15. Tenable Holdings, Inc. has a 1 year low of $28.80 and a 1 year high of $49.77.

Tenable (NASDAQ:TENB) last released its earnings results on Tuesday, July 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The firm had revenue of $195.04 million during the quarter, compared to analysts’ expectations of $190.24 million. Tenable had a negative return on equity of 23.51% and a negative net margin of 10.94%. Equities analysts forecast that Tenable Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 41,966 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $48.20, for a total transaction of $2,022,761.20. Following the completion of the transaction, the chief executive officer now owns 240,013 shares in the company, valued at approximately $11,568,626.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Amit Yoran sold 41,966 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $48.20, for a total value of $2,022,761.20. Following the completion of the transaction, the chief executive officer now owns 240,013 shares in the company, valued at approximately $11,568,626.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark C. Thurmond sold 2,584 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $43.42, for a total value of $112,197.28. Following the completion of the transaction, the chief operating officer now owns 37,613 shares of the company’s stock, valued at approximately $1,633,156.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,440 shares of company stock worth $4,330,649. Corporate insiders own 4.50% of the company’s stock.

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.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 cloud security solutions for security teams to continuously assess the security posture; Tenable.io Web Application Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; and Tenable.asm, an external attack surface management solution.