FCF Advisors LLC Increases Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

FCF Advisors LLC raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,737 shares of the company’s stock after buying an additional 1,222 shares during the quarter. FCF Advisors LLC’s holdings in Tenable were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TENB. Principal Securities Inc. bought a new position in shares of Tenable during the 4th quarter valued at approximately $35,000. SG Americas Securities LLC bought a new position in shares of Tenable during the 4th quarter valued at approximately $127,000. Hunter Associates Investment Management LLC bought a new position in shares of Tenable during the 4th quarter valued at approximately $205,000. OMERS ADMINISTRATION Corp bought a new position in shares of Tenable during the 3rd quarter valued at approximately $220,000. Finally, Numerai GP LLC bought a new position in shares of Tenable during the 3rd quarter valued at approximately $228,000. 89.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TENB shares. Needham & Company LLC reiterated a “buy” rating and set a $62.00 target price on shares of Tenable in a research report on Friday, June 14th. Scotiabank began coverage on Tenable in a research report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price target for the company. Finally, Wedbush restated an “outperform” rating and issued a $65.00 price target on shares of Tenable in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $57.20.

Tenable Stock Performance

Shares of NASDAQ:TENB traded up $0.21 on Monday, hitting $40.54. 83,915 shares of the company’s stock were exchanged, compared to its average volume of 934,297. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The business’s 50 day simple moving average is $43.33 and its two-hundred day simple moving average is $45.78. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.03. The firm had revenue of $215.96 million for the quarter, compared to analyst estimates of $213.56 million. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. Research analysts anticipate that Tenable Holdings, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Stephen A. Vintz sold 15,505 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the transaction, the chief financial officer now owns 257,924 shares in the company, valued at $12,782,713.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tenable news, COO Mark C. Thurmond sold 2,219 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $97,103.44. Following the completion of the sale, the chief operating officer now directly owns 30,335 shares of the company’s stock, valued at $1,327,459.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the completion of the transaction, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,782,713.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,637 shares of company stock worth $1,817,611. Company insiders own 4.30% of the company’s stock.

About Tenable

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.