6,510 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Acquired by Griffin Asset Management Inc.

Griffin Asset Management Inc. bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,510 shares of the company’s stock, valued at approximately $322,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FCF Advisors LLC grew its stake in shares of Tenable by 7.4% in the first quarter. FCF Advisors LLC now owns 17,737 shares of the company’s stock worth $877,000 after purchasing an additional 1,222 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Tenable in the 1st quarter valued at about $1,239,000. Fulton Bank N.A. increased its stake in shares of Tenable by 4.1% in the first quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock valued at $374,000 after buying an additional 295 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Tenable by 51.6% during the first quarter. Los Angeles Capital Management LLC now owns 47,997 shares of the company’s stock worth $2,372,000 after acquiring an additional 16,330 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Tenable by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 12,510,817 shares of the company’s stock worth $576,248,000 after acquiring an additional 259,552 shares during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Linda Kay Zecher sold 2,350 shares of Tenable stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $43.47, for a total transaction of $102,154.50. Following the completion of the transaction, the director now directly owns 2,853 shares in the company, valued at $124,019.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tenable news, CEO Amit Yoran sold 4,851 shares of Tenable stock in a transaction on Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $212,279.76. Following the transaction, the chief executive officer now directly owns 361,457 shares of the company’s stock, valued at approximately $15,817,358.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda Kay Zecher sold 2,350 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $43.47, for a total transaction of $102,154.50. Following the completion of the sale, the director now owns 2,853 shares of the company’s stock, valued at approximately $124,019.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,132 shares of company stock worth $1,049,183. Insiders own 4.30% of the company’s stock.

Tenable Price Performance

Shares of Tenable stock opened at $43.58 on Friday. The business has a 50-day simple moving average of $43.01 and a 200 day simple moving average of $45.76. 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 Holdings, Inc. has a one year low of $33.85 and a one year high of $53.50.

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

Wall Street Analyst Weigh In

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

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.