Edgestream Partners L.P. Purchases 35,618 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Edgestream Partners L.P. lifted its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 155.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,500 shares of the company’s stock after purchasing an additional 35,618 shares during the quarter. Edgestream Partners L.P.’s holdings in Tenable were worth $2,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in Tenable by 25.2% during the fourth quarter. Victory Capital Management Inc. now owns 15,598 shares of the company’s stock worth $718,000 after buying an additional 3,144 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Tenable during the 4th quarter valued at about $35,000. Principal Financial Group Inc. grew its holdings in shares of Tenable by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 13,195 shares of the company’s stock worth $608,000 after purchasing an additional 1,251 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Tenable in the fourth quarter worth approximately $248,000. Finally, Norges Bank bought a new stake in Tenable during the fourth quarter valued at approximately $56,568,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Trading Down 0.8 %

NASDAQ:TENB opened at $39.63 on Thursday. The firm has a market capitalization of $4.71 billion, a P/E ratio of -68.33 and a beta of 0.83. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $41.79 and a 200 day moving average of $43.67. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The firm had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. On average, research analysts predict that Tenable Holdings, Inc. will post -0.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Amit Yoran sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 387,356 shares in the company, valued at $18,484,628.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, 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 transaction of $1,908,800.00. Following the sale, the chief executive officer now owns 387,356 shares of the company’s stock, valued at approximately $18,484,628.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $142,492.75. Following the completion of the transaction, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,469 shares of company stock worth $2,429,076. 4.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on TENB. Barclays decreased 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. Piper Sandler lowered their price target on Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Tenable in a report on Friday, September 13th. Truist Financial reissued a “buy” rating and set a $55.00 price objective (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Finally, Scotiabank cut their target price on Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable presently has an average rating of “Moderate Buy” and a consensus price target of $52.67.

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.