Dimensional Fund Advisors LP Purchases 858 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Dimensional Fund Advisors LP increased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,192 shares of the company’s stock after purchasing an additional 858 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Tenable worth $2,972,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Tidal Investments LLC raised its position in shares of Tenable by 157.8% during the 1st quarter. Tidal Investments LLC now owns 23,268 shares of the company’s stock valued at $1,150,000 after buying an additional 14,244 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in Tenable in the first quarter worth about $1,239,000. CANADA LIFE ASSURANCE Co lifted its holdings in Tenable by 21.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 352,468 shares of the company’s stock valued at $17,408,000 after purchasing an additional 61,080 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Tenable by 18.7% in the 4th quarter. Fisher Asset Management LLC now owns 347,236 shares of the company’s stock worth $15,994,000 after buying an additional 54,664 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Tenable by 10.1% during the first quarter. ProShare Advisors LLC now owns 21,283 shares of the company’s stock worth $1,052,000 after purchasing an additional 1,961 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the transaction, the chief financial officer now directly owns 278,493 shares in the company, valued at $11,627,082.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $140,935.78. Following the sale, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,469 shares of company stock worth $2,429,076. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on TENB. Barclays dropped their price objective on shares of Tenable from $57.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Stifel Nicolaus reduced their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $55.00 target price (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. DA Davidson cut shares of Tenable from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $56.00 to $40.00 in a report on Thursday, August 1st. Finally, Scotiabank cut their price objective on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.67.

Tenable Stock Performance

Shares of Tenable stock opened at $42.46 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The firm’s 50-day simple moving average is $40.69 and its 200-day simple moving average is $42.97. The firm has a market cap of $5.05 billion, a PE ratio of -73.21 and a beta of 0.83.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $221.24 million for 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%. Equities analysts forecast 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.