Charles Schwab Investment Management Inc. Raises Stock Holdings in Tenable Holdings, Inc. $TENB

Charles Schwab Investment Management Inc. boosted its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,031,226 shares of the company’s stock after buying an additional 39,132 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.86% of Tenable worth $36,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in Tenable by 6.2% in the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company’s stock valued at $91,860,000 after buying an additional 137,150 shares during the period. Penserra Capital Management LLC raised its holdings in Tenable by 47.6% in the 1st quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company’s stock valued at $59,031,000 after buying an additional 544,375 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in Tenable by 5.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company’s stock valued at $64,629,000 after buying an additional 84,669 shares during the period. Northern Trust Corp raised its holdings in Tenable by 7.8% in the 4th quarter. Northern Trust Corp now owns 1,187,857 shares of the company’s stock valued at $46,778,000 after buying an additional 85,485 shares during the period. Finally, Shapiro Capital Management LLC raised its holdings in Tenable by 647.5% in the 4th quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company’s stock valued at $41,745,000 after buying an additional 918,235 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TENB shares. JPMorgan Chase & Co. cut their price target on shares of Tenable from $53.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Robert W. Baird cut their price target on shares of Tenable from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Wedbush boosted their price target on shares of Tenable from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $38.00 price target (up from $37.00) on shares of Tenable in a research note on Thursday, July 31st. Finally, Westpark Capital reiterated a “hold” rating on shares of Tenable in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 5,577 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $178,352.46. Following the transaction, the chief executive officer directly owned 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen A. Vintz sold 6,499 shares of the 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 $207,838.02. Following the completion of the transaction, the chief executive officer owned 331,394 shares in the company, valued at $10,597,980.12. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,815 shares of company stock worth $669,797 over the last three months. Insiders own 1.50% of the company’s stock.

Tenable Stock Up 1.4%

TENB stock opened at $30.20 on Tuesday. The company’s 50 day moving average price is $32.33 and its 200 day moving average price is $34.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 0.94. Tenable Holdings, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $45.44. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -81.62 and a beta of 0.76.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities research analysts anticipate that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.