Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. increased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 39.5% during the second quarter, Holdings Channel.com reports. The fund owned 11,605 shares of the company’s stock after acquiring an additional 3,287 shares during the quarter. Wedbush Securities Inc.’s holdings in Tenable were worth $506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Tenable during the 4th quarter valued at about $56,568,000. First Trust Advisors LP boosted its holdings in Tenable by 18.0% during the fourth quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock worth $205,085,000 after buying an additional 680,477 shares in the last quarter. Champlain Investment Partners LLC grew its position in Tenable by 59.5% in the first quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after buying an additional 593,529 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Tenable by 20.2% during the 1st quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock valued at $172,575,000 after acquiring an additional 585,559 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Tenable by 2.1% during the 4th 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 in the last quarter. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Up 1.3 %

TENB opened at $39.50 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of -68.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The business has a 50-day moving average of $42.10 and a 200-day moving average of $43.94.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. Equities research analysts forecast that Tenable Holdings, Inc. will post -0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC reduced their target price on Tenable from $62.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Truist Financial reiterated a “buy” rating and issued a $55.00 target price (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Barclays cut their price target on shares of Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Westpark Capital lowered shares of Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company cut their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.81.

Insider Activity at Tenable

In other news, CEO Amit Yoran sold 40,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the completion of the sale, the chief executive officer now owns 387,356 shares in the company, valued at approximately $18,484,628.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the transaction, the chief operating officer now owns 34,079 shares in the company, valued at approximately $1,419,731.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amit Yoran sold 40,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the transaction, the chief executive officer now directly owns 387,356 shares of the company’s stock, valued at approximately $18,484,628.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,469 shares of company stock valued at $2,429,076. Insiders own 4.30% of the company’s stock.

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.