Tenable Holdings, Inc. (NASDAQ:TENB) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Tenable Holdings, Inc. (NASDAQ:TENBFree Report) by 25.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,598 shares of the company’s stock after buying an additional 3,144 shares during the quarter. Victory Capital Management Inc.’s holdings in Tenable were worth $718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in Tenable during the third quarter worth $27,000. SG Americas Securities LLC bought a new stake in shares of Tenable during the 4th quarter valued at about $127,000. Shell Asset Management Co. acquired a new stake in Tenable during the third quarter worth about $138,000. Vestmark Advisory Solutions Inc. bought a new position in Tenable in the third quarter worth about $205,000. Finally, Hunter Associates Investment Management LLC acquired a new position in Tenable in the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling at Tenable

In other news, COO Mark C. Thurmond sold 2,219 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $43.76, for a total transaction of $97,103.44. Following the completion of the sale, the chief operating officer now directly owns 30,335 shares of the company’s stock, valued at approximately $1,327,459.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Tenable news, CEO Amit Yoran sold 5,359 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $47.67, for a total transaction of $255,463.53. Following the completion of the sale, the chief executive officer now directly owns 346,339 shares of the company’s stock, valued at $16,509,980.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mark C. Thurmond sold 2,219 shares of Tenable stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.76, for a total transaction of $97,103.44. Following the completion of the transaction, the chief operating officer now directly owns 30,335 shares in the company, valued at $1,327,459.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,055 shares of company stock valued at $14,271,013. Corporate insiders own 4.30% of the company’s stock.

Tenable Trading Down 0.0 %

Shares of Tenable stock opened at $43.41 on Thursday. The business has a fifty day simple moving average of $46.42 and a 200-day simple moving average of $45.48. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -74.84 and a beta of 0.94. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00.

Tenable (NASDAQ:TENBGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. The company had revenue of $215.96 million during the quarter, compared to analyst estimates of $213.56 million. On average, equities analysts forecast that Tenable Holdings, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stephens raised their price target on Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Susquehanna upped their price target on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Scotiabank assumed coverage on shares of Tenable in a research report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price objective on the stock. Truist Financial upped their target price on shares of Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Tenable in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Tenable has an average rating of “Moderate Buy” and an average target price of $57.20.

Read Our Latest Stock Report on TENB

About Tenable

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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