Raymond James Financial Inc. Invests $2.69 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

Raymond James Financial Inc. acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 68,237 shares of the company’s stock, valued at approximately $2,687,000.

Several other large investors also recently bought and sold shares of the business. Larson Financial Group LLC lifted its holdings in shares of Tenable by 658.6% during the 3rd quarter. Larson Financial Group LLC now owns 751 shares of the company’s stock valued at $30,000 after buying an additional 652 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Tenable in the 4th quarter worth $38,000. Nisa Investment Advisors LLC raised its holdings in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company’s stock worth $108,000 after purchasing an additional 1,172 shares during the period. Pacer Advisors Inc. lifted its position in Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after purchasing an additional 657 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Tenable during the 4th quarter valued at approximately $126,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Stock Down 2.8 %

Shares of Tenable stock opened at $34.94 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50-day moving average is $39.15 and its two-hundred day moving average is $40.33. Tenable Holdings, Inc. has a 1 year low of $34.66 and a 1 year high of $50.07. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -116.47 and a beta of 0.87.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. As a group, research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Raymond Jr. Vicks sold 809 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the transaction, the director now owns 8,659 shares in the company, valued at $333,544.68. This represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the sale, the chief executive officer now directly owns 41,266 shares in the company, valued at approximately $1,632,482.96. This represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,937 shares of company stock worth $570,418. Insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TENB. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Tenable in a research note on Thursday, February 6th. Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and cut their target price for the company from $46.00 to $45.00 in a report on Friday, January 17th. Jefferies Financial Group increased their price target on shares of Tenable from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays lifted their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Scotiabank boosted their target price on Tenable from $44.00 to $45.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.20.

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.