Tenable Holdings, Inc. (NASDAQ:TENB) Shares Purchased by RGM Capital LLC

RGM Capital LLC increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,539,236 shares of the company’s stock after acquiring an additional 153,127 shares during the period. Tenable comprises 6.2% of RGM Capital LLC’s investment portfolio, making the stock its 6th biggest holding. RGM Capital LLC owned 2.98% of Tenable worth $154,240,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Tenable by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock valued at $620,018,000 after acquiring an additional 32,535 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Tenable by 18.0% during the fourth quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock valued at $205,085,000 after purchasing an additional 680,477 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Tenable by 20.2% during the first quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock worth $172,575,000 after purchasing an additional 585,559 shares during the last quarter. Champlain Investment Partners LLC grew its position in Tenable by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after purchasing an additional 593,529 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Tenable by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 1,372,854 shares of the company’s stock valued at $59,829,000 after buying an additional 84,616 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling

In related news, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at $1,419,731.14. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $140,935.78. Following the completion of the sale, 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 filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 3,413 shares of the business’s stock in a transaction that occurred on 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 approximately $11,627,082.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,469 shares of company stock worth $2,429,076. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

TENB has been the topic of a number of research analyst reports. Robert W. Baird cut their target price on Tenable from $55.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Truist Financial reissued a “buy” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Wells Fargo & Company decreased their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Tenable in a research note on Friday, September 13th. Finally, Scotiabank reduced their price target on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.67.

Tenable Trading Up 0.2 %

Shares of Tenable stock opened at $40.37 on Friday. The company’s 50-day moving average price is $41.69 and its 200-day moving average price is $43.58. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. Tenable Holdings, Inc. has a 12-month low of $33.85 and a 12-month high of $53.50. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -69.60 and a beta of 0.83.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping 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%. The business had revenue of $221.24 million for the quarter, compared to analysts’ expectations of $218.41 million. On average, equities analysts expect that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

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.