Rhumbline Advisers Boosts Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Rhumbline Advisers raised its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,023 shares of the company’s stock after purchasing an additional 5,373 shares during the period. Rhumbline Advisers owned about 0.14% of Tenable worth $5,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TENB. Mirae Asset Global Investments Co. Ltd. raised its position in Tenable by 21.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,082 shares of the company’s stock valued at $359,000 after purchasing an additional 1,603 shares in the last quarter. Entropy Technologies LP raised its position in Tenable by 62.9% during the 4th quarter. Entropy Technologies LP now owns 13,708 shares of the company’s stock valued at $540,000 after purchasing an additional 5,294 shares in the last quarter. Vontobel Holding Ltd. raised its position in Tenable by 18.3% during the 4th quarter. Vontobel Holding Ltd. now owns 202,809 shares of the company’s stock valued at $7,987,000 after purchasing an additional 31,359 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Tenable by 7.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 51,463 shares of the company’s stock valued at $2,027,000 after purchasing an additional 3,551 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in Tenable during the 4th quarter valued at $1,819,000. 89.06% of the stock is owned by institutional investors.

Insider Transactions at Tenable

In other news, CEO Mark C. Thurmond sold 5,577 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $178,352.46. Following the sale, the chief executive officer now owns 75,210 shares in the company, valued at $2,405,215.80. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen A. Vintz sold 3,386 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value of $109,875.70. Following the completion of the sale, the chief executive officer now owns 328,008 shares in the company, valued at $10,643,859.60. The trade was a 1.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,845 shares of company stock worth $637,709 over the last quarter. 1.50% of the stock is currently owned by insiders.

Tenable Stock Up 1.3%

Tenable stock opened at $31.82 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day simple moving average is $32.23 and its two-hundred day simple moving average is $37.03. The company has a market cap of $3.89 billion, a PE ratio of -106.07 and a beta of 0.79. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. Equities analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on Tenable in a research report on Monday, March 31st. They issued an “overweight” rating and a $50.00 price target for the company. Needham & Company LLC reduced their price target on Tenable from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Truist Financial reduced their price target on Tenable from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. reduced their price target on Tenable from $53.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, Stifel Nicolaus reduced their price target on Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.44.

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.