Mackenzie Financial Corp Grows Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Mackenzie Financial Corp grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 12.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,191,935 shares of the company’s stock after acquiring an additional 471,126 shares during the period. Mackenzie Financial Corp owned about 3.53% of Tenable worth $182,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quest Partners LLC purchased a new stake in shares of Tenable during the second quarter valued at approximately $40,000. Fidelis Capital Partners LLC acquired a new position in shares of Tenable in the first quarter worth about $58,000. Allspring Global Investments Holdings LLC boosted its holdings in Tenable by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock valued at $183,000 after purchasing an additional 312 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Tenable during the 1st quarter valued at approximately $189,000. Finally, DRW Securities LLC purchased a new stake in Tenable during the 2nd quarter worth approximately $222,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Trading Up 1.0 %

Shares of TENB stock opened at $40.08 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of -69.10 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The stock has a fifty day moving average of $41.29 and a two-hundred day moving average of $43.42.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $221.24 million for the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. As a group, research analysts expect that Tenable Holdings, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

TENB has been the subject of several research analyst reports. DA Davidson cut Tenable from a “buy” rating to a “neutral” rating and reduced their target price for the company from $56.00 to $40.00 in a research note on Thursday, August 1st. Baird R W raised shares of Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Scotiabank cut their target price on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Truist Financial reiterated a “buy” rating and issued a $55.00 price target (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Finally, Barclays cut their price objective on Tenable from $57.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.67.

Insiders Place Their Bets

In other news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction 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 directly owns 34,079 shares in the company, valued at approximately $1,419,731.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Stephen A. Vintz sold 3,413 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 transaction of $142,492.75. Following the completion of the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 3,383 shares of Tenable 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 completion of the transaction, the chief operating officer now owns 34,079 shares in the company, valued at approximately $1,419,731.14. The disclosure for this sale can be found here. Insiders sold 52,469 shares of company stock worth $2,429,076 over the last ninety days. Company insiders own 4.30% of the company’s stock.

Tenable Company 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.