Bank of New York Mellon Corp Increases Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Bank of New York Mellon Corp lifted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 772,177 shares of the company’s stock after purchasing an additional 27,555 shares during the quarter. Bank of New York Mellon Corp owned about 0.64% of Tenable worth $27,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TENB. Raymond James Financial Inc. purchased a new stake in shares of Tenable in the fourth quarter valued at about $2,687,000. Swiss National Bank grew its holdings in shares of Tenable by 0.8% in the fourth quarter. Swiss National Bank now owns 234,200 shares of the company’s stock valued at $9,223,000 after purchasing an additional 1,800 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Tenable by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 3,442 shares of the company’s stock valued at $135,000 after purchasing an additional 1,398 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Tenable in the fourth quarter valued at about $435,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Tenable by 10.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 38,273 shares of the company’s stock valued at $1,507,000 after purchasing an additional 3,600 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Stock Performance

Shares of TENB opened at $33.00 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The firm has a market cap of $4.03 billion, a PE ratio of -89.19 and a beta of 0.80. The company’s 50 day simple moving average is $32.87 and its 200-day simple moving average is $35.62. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $239.14 million for the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, equities analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Insider Transactions at Tenable

In other news, insider Barron Anschutz sold 1,245 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $39,815.10. Following the transaction, the insider directly owned 57,905 shares in the company, valued at approximately $1,851,801.90. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark C. Thurmond sold 5,577 shares of the stock in a transaction on 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 directly owned 75,210 shares of the company’s stock, valued at approximately $2,405,215.80. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,845 shares of company stock worth $637,709. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TENB. Needham & Company LLC reduced their price target on shares of Tenable from $50.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley reduced their price target on shares of Tenable from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Westpark Capital reissued a “hold” rating on shares of Tenable in a research report on Wednesday, April 30th. DA Davidson reduced their price target on shares of Tenable from $45.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Scotiabank reduced their price target on shares of Tenable from $45.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.78.

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.