Raymond James Financial Inc. Makes New $2.69 Million Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Raymond James Financial Inc. acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,237 shares of the company’s stock, valued at approximately $2,687,000. Raymond James Financial Inc. owned about 0.06% of Tenable at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after purchasing an additional 575 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Tenable during the fourth quarter valued at approximately $38,000. Larson Financial Group LLC grew its stake in shares of Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after purchasing an additional 675 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock valued at $108,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares during the last quarter. 89.06% of the stock is owned by institutional investors.

Tenable Stock Up 1.7 %

TENB stock opened at $33.68 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $4.05 billion, a P/E ratio of -112.27 and a beta of 0.88. The business has a 50-day moving average of $34.95 and a 200-day moving average of $39.05. Tenable Holdings, Inc. has a fifty-two week low of $29.99 and a fifty-two week high of $49.18.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. On average, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TENB. Jefferies Financial Group decreased their price target on shares of Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Cantor Fitzgerald began coverage on shares of Tenable in a research note on Monday, March 31st. They issued an “overweight” rating and a $50.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Scotiabank raised their price objective on shares of Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus cut shares of Tenable from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable currently has an average rating of “Moderate Buy” and a consensus price target of $46.53.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the transaction, the chief executive officer now directly owns 41,266 shares of the company’s stock, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, the director now directly owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,128 shares of company stock valued at $539,256. Insiders own 1.50% of the company’s stock.

Tenable 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.