Tenable Holdings, Inc. (NASDAQ:TENB) Shares Sold by Claro Advisors LLC

Claro Advisors LLC decreased its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,250 shares of the company’s stock after selling 437 shares during the quarter. Claro Advisors LLC’s holdings in Tenable were worth $272,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Tenable by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,930 shares of the company’s stock valued at $694,000 after acquiring an additional 276 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Tenable by 10.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 373,507 shares of the company’s stock worth $16,277,000 after purchasing an additional 34,254 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Tenable during the second quarter valued at approximately $1,769,000. Bank of New York Mellon Corp boosted its holdings in Tenable by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 868,126 shares of the company’s stock worth $37,833,000 after buying an additional 89,677 shares in the last quarter. Finally, Vanderbilt University grew its position in Tenable by 31.4% in the second quarter. Vanderbilt University now owns 129,576 shares of the company’s stock worth $5,647,000 after buying an additional 30,962 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

Tenable Trading Down 0.6 %

NASDAQ TENB opened at $41.28 on Tuesday. The company has a market capitalization of $4.92 billion, a PE ratio of -71.17 and a beta of 0.84. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The firm’s fifty day simple moving average is $42.53 and its 200-day simple moving average is $44.37.

Tenable (NASDAQ:TENB) last issued its earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Stifel Nicolaus cut their price objective on Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Baird R W raised Tenable to a “strong-buy” rating in a report on Monday, July 15th. Needham & Company LLC dropped their price target on Tenable from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird reduced their price objective on shares of Tenable from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, Truist Financial reissued a “buy” rating and issued a $55.00 target price (down from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Insider Activity at Tenable

In other Tenable news, CEO Amit Yoran sold 5,673 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the completion of the sale, the chief executive officer now directly owns 39,309 shares of the company’s stock, valued at $1,641,150.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Stephen A. Vintz sold 3,413 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the sale, the chief financial officer now directly owns 278,493 shares in the company, valued at approximately $11,627,082.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Amit Yoran sold 5,673 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the transaction, the chief executive officer now owns 39,309 shares in the company, valued at approximately $1,641,150.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,469 shares of company stock valued at $2,429,076. 4.30% of the stock is currently owned by corporate insiders.

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.