Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 38.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,885 shares of the company’s stock after selling 4,352 shares during the period. Avior Wealth Management LLC’s holdings in Tenable were worth $317,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TENB. Fairfield Bush & CO. purchased a new stake in shares of Tenable in the 1st quarter valued at $237,000. JPMorgan Chase & Co. boosted its holdings in Tenable by 73.7% during the first quarter. JPMorgan Chase & Co. now owns 140,170 shares of the company’s stock worth $8,101,000 after buying an additional 59,482 shares in the last quarter. Raymond James & Associates boosted its holdings in Tenable by 61.7% during the first quarter. Raymond James & Associates now owns 10,208 shares of the company’s stock worth $590,000 after buying an additional 3,896 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Tenable during the first quarter worth $207,000. Finally, MetLife Investment Management LLC boosted its holdings in Tenable by 55.4% during the first quarter. MetLife Investment Management LLC now owns 50,007 shares of the company’s stock worth $2,890,000 after buying an additional 17,830 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Stephen A. Vintz sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total transaction of $9,386,000.00. Following the completion of the sale, the chief financial officer now directly owns 257,256 shares in the company, valued at $12,073,024.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Stephen A. Vintz sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $46.93, for a total transaction of $9,386,000.00. Following the completion of the sale, the chief financial officer now directly owns 257,256 shares in the company, valued at $12,073,024.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amit Yoran sold 33,201 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the sale, the chief executive officer now owns 291,532 shares of the company’s stock, valued at $13,964,382.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 350,583 shares of company stock worth $16,611,943. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

TENB has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Tenable in a report on Wednesday, April 10th. Stephens increased their price objective on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price objective on shares of Tenable in a report on Tuesday, March 19th. Morgan Stanley raised shares of Tenable from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $46.00 to $60.00 in a report on Tuesday, January 9th. Finally, Truist Financial increased their price objective on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.63.

Tenable Price Performance

Shares of NASDAQ TENB opened at $44.83 on Friday. The firm has a 50-day simple moving average of $48.03 and a 200-day simple moving average of $45.09. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The firm had revenue of $213.31 million during the quarter, compared to analysts’ expectations of $206.95 million. Equities research analysts predict that Tenable Holdings, Inc. will post -0.12 EPS for the current year.

About Tenable

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.