Raymond James & Associates Decreases Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Raymond James & Associates lessened its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,960 shares of the company’s stock after selling 376 shares during the quarter. Raymond James & Associates’ holdings in Tenable were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. NBC Securities Inc. purchased a new stake in Tenable during the 3rd quarter valued at about $27,000. SG Americas Securities LLC acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $127,000. Shell Asset Management Co. purchased a new position in Tenable during the third quarter worth approximately $138,000. Vestmark Advisory Solutions Inc. acquired a new position in Tenable during the third quarter worth $205,000. Finally, Dakota Wealth Management purchased a new stake in Tenable in the 3rd quarter valued at $210,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Linda Kay Zecher sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the sale, the director now directly owns 2 shares of the company’s stock, valued at approximately $101.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the transaction, the director now directly owns 2 shares of the company’s stock, valued at approximately $101.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark C. Thurmond sold 3,976 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total value of $188,223.84. Following the sale, the chief operating officer now owns 53,500 shares in the company, valued at approximately $2,532,690. The disclosure for this sale can be found here. Over the last quarter, insiders sold 317,382 shares of company stock valued at $15,021,615. 4.30% of the stock is currently owned by company insiders.

Tenable Trading Up 2.5 %

Shares of NASDAQ TENB opened at $46.15 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $5.48 billion, a PE ratio of -67.87 and a beta of 0.94. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The stock has a fifty day simple moving average of $47.71 and a 200-day simple moving average of $45.10.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The company had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. On average, equities analysts forecast that Tenable Holdings, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TENB. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Tenable in a report on Wednesday, April 10th. Wells Fargo & Company boosted their target price on shares of Tenable from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Westpark Capital raised shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Friday, January 12th. Stephens lifted their price target on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley upgraded Tenable from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $46.00 to $60.00 in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.63.

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 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.