Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 170,621 shares of the company’s stock after acquiring an additional 9,239 shares during the period. Rhumbline Advisers’ holdings in Tenable were worth $7,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in TENB. Vanguard Group Inc. grew its position in shares of Tenable by 0.3% during the first quarter. Vanguard Group Inc. now owns 12,543,352 shares of the company’s stock worth $620,018,000 after acquiring an additional 32,535 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Tenable by 18.0% in the fourth quarter. First Trust Advisors LP now owns 4,452,555 shares of the company’s stock valued at $205,085,000 after purchasing an additional 680,477 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Tenable by 20.2% during the first quarter. William Blair Investment Management LLC now owns 3,491,301 shares of the company’s stock valued at $172,575,000 after buying an additional 585,559 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of Tenable by 59.5% during the first quarter. Champlain Investment Partners LLC now owns 1,591,147 shares of the company’s stock worth $78,650,000 after buying an additional 593,529 shares during the period. Finally, Norges Bank bought a new position in Tenable in the 4th quarter worth approximately $56,568,000. Institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TENB shares. Westpark Capital lowered Tenable from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Susquehanna dropped their price target on shares of Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a research report on Thursday, August 1st. Truist Financial reiterated a “buy” rating and issued a $55.00 price objective (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Baird R W upgraded Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company lowered their price target on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and an average target price of $52.81.

Insider Buying and Selling at Tenable

In other news, CEO Amit Yoran sold 5,673 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the sale, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark C. Thurmond sold 3,383 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,469 shares of company stock worth $2,429,076. 4.30% of the stock is currently owned by insiders.

Tenable Stock Performance

Shares of NASDAQ:TENB opened at $39.74 on Friday. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of -68.52 and a beta of 0.83. The business’s fifty day moving average price is $42.02 and its two-hundred day moving average price is $43.91. 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 debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21.

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

Tenable Profile

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.