Claro Advisors LLC Takes $331,000 Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Claro Advisors LLC purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 6,687 shares of the company’s stock, valued at approximately $331,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Tenable during the 4th quarter valued at $56,568,000. Readystate Asset Management LP bought a new stake in Tenable during the fourth quarter worth about $32,199,000. First Trust Advisors LP increased its holdings in Tenable by 18.0% in the 4th quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock valued at $205,085,000 after buying an additional 680,477 shares during the period. Vanguard Group Inc. increased its holdings in Tenable by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,251,265 shares of the company’s stock valued at $548,857,000 after buying an additional 285,678 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Tenable during the 3rd quarter worth approximately $12,559,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Activity at Tenable

In other Tenable news, COO Mark C. Thurmond sold 2,219 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were 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 owns 30,335 shares in the company, valued at approximately $1,327,459.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tenable news, COO Mark C. Thurmond sold 2,371 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $43.18, for a total value of $102,379.78. Following the completion of the sale, the chief operating officer now owns 32,017 shares of the company’s stock, valued at $1,382,494.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mark C. Thurmond sold 2,219 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $43.76, for a total value of $97,103.44. Following the sale, the chief operating officer now owns 30,335 shares of the company’s stock, valued at approximately $1,327,459.60. The disclosure for this sale can be found here. Insiders have sold 24,132 shares of company stock worth $1,049,183 over the last ninety days. Insiders own 4.30% of the company’s stock.

Tenable Price Performance

Shares of NASDAQ:TENB opened at $42.89 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50. The firm has a market cap of $5.10 billion, a PE ratio of -73.95 and a beta of 0.84. The firm’s fifty day moving average is $42.96 and its 200-day moving average is $45.79.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. The firm had revenue of $215.96 million for the quarter, compared to the consensus estimate of $213.56 million. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. Sell-side analysts predict that Tenable Holdings, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on TENB shares. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Tenable in a research report on Thursday, May 2nd. Scotiabank initiated coverage on Tenable in a report on Friday, April 26th. They set a “sector perform” rating and a $47.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Tenable in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.20.

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.