Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 249.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,726 shares of the company’s stock after buying an additional 113,295 shares during the quarter. Federated Hermes Inc. owned approximately 0.13% of Tenable worth $6,917,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Principal Securities Inc. acquired a new position in Tenable in the 4th quarter valued at $35,000. Quest Partners LLC acquired a new position in Tenable in the 2nd quarter valued at $40,000. Fidelis Capital Partners LLC acquired a new position in Tenable in the 1st quarter valued at $58,000. Allspring Global Investments Holdings LLC raised its stake in Tenable by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Tenable in the 1st quarter valued at $189,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Stock Performance

Shares of Tenable stock opened at $39.96 on Wednesday. The business has a 50-day moving average of $41.84 and a 200 day moving average of $43.70. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -68.90 and a beta of 0.83. 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 (NASDAQ:TENB) last announced its earnings results on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. The company had revenue of $221.24 million during the quarter, compared to analysts’ expectations of $218.41 million. As a group, sell-side analysts forecast that Tenable Holdings, Inc. will post -0.06 earnings per share for the current year.

Insider Activity at Tenable

In other news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amit Yoran sold 40,000 shares of Tenable stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total value of $1,908,800.00. Following the completion of the transaction, the chief executive officer now 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. Insiders sold 52,469 shares of company stock worth $2,429,076 in the last three months. 4.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TENB. Westpark Capital downgraded Tenable from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays cut their target price on Tenable from $57.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Canaccord Genuity Group cut their target price on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Baird R W raised Tenable to a “strong-buy” rating in a research note on Monday, July 15th. Finally, DA Davidson downgraded Tenable from a “buy” rating to a “neutral” rating and cut their target price for the stock from $56.00 to $40.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.81.

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.