Xponance Inc. Has $324,000 Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Xponance Inc. increased its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,441 shares of the company’s stock after purchasing an additional 389 shares during the period. Xponance Inc.’s holdings in Tenable were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TENB. Principal Financial Group Inc. increased its position 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 valued at $608,000 after purchasing an additional 1,251 shares during the period. UBS Group AG increased its position in shares of Tenable by 48.6% during the fourth quarter. UBS Group AG now owns 145,555 shares of the company’s stock valued at $6,704,000 after purchasing an additional 47,579 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Tenable by 0.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 735,182 shares of the company’s stock valued at $33,862,000 after purchasing an additional 5,154 shares during the period. First Trust Advisors LP increased 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 during the period. Finally, Seven Eight Capital LP increased its position in shares of Tenable by 40.0% during the fourth quarter. Seven Eight Capital LP now owns 10,550 shares of the company’s stock valued at $486,000 after purchasing an additional 3,014 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Tenable from $54.00 to $52.00 and set a “buy” 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 target on shares of Tenable in a research report on Friday, September 13th. Wells Fargo & Company lowered their price target on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Barclays lowered their price target on Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Finally, Baird R W upgraded Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.67.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Amit Yoran sold 40,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 387,356 shares of the company’s stock, valued at $18,484,628.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amit Yoran sold 40,000 shares of the company’s stock in a transaction that occurred on 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 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. Over the last 90 days, insiders sold 52,469 shares of company stock valued at $2,429,076. Corporate insiders own 4.30% of the company’s stock.

Tenable Trading Up 0.7 %

TENB opened at $40.82 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $4.86 billion, a price-to-earnings ratio of -70.38 and a beta of 0.83. The firm has a 50 day simple moving average of $41.15 and a 200 day simple moving average of $43.28. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business 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, sell-side analysts anticipate that Tenable Holdings, Inc. will post -0.06 earnings per share for the current year.

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.