The Swiss National Bank increased its stake in Tenable Holdings, Inc. (NASDAQ: TENB – Get Rating) by 8.3% during the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The company held 177,800 shares of the company after acquiring an additional 13,700 shares during the quarter. The Swiss National Bank held about 0.16% of Tenable worth $10,275,000 at the end of the last quarter.
Other institutional investors and hedge funds also changed their positions in the company. KRS Capital Management LLC bought a new position in Tenable stock in Q4 worth $33,000. Evoke Wealth LLC increased its stake in Tenable by 1,220.3% during the 4th quarter. Evoke Wealth LLC now owns 779 shares of the company worth $43,000 after purchasing an additional 720 shares in the last quarter. Exane Derivatives bought a new position in Tenable during Q1 worth $72,000. Point72 Hong Kong Ltd bought a new position in Tenable during Q4 worth $80,000. Finally, Commonwealth Equity Services LLC bought a new position in Tenable during Q4 worth $211,000. 83.39% of the shares are currently held by hedge funds and other institutional investors.
Insider buying and selling
Separately, CEO Amit Yoran sold 4,848 shares of the company in a trade dated Thursday, August 18. The stock was sold at an average price of $42.23, for a total value of $204,731.04. Following completion of the transaction, the CEO now owns 115,688 shares of the company, valued at approximately $4,885,504.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Separately, CEO Amit Yoran sold 4,848 shares of the company in a trade dated Thursday, August 18. The stock was sold at an average price of $42.23, for a total value of $204,731.04. Following completion of the transaction, the CEO now owns 115,688 shares of the company, valued at approximately $4,885,504.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, General Counsel Stephen A. Riddick sold 3,569 shares in a trade that took place on Monday, May 23. The shares were sold at an average price of $47.42, for a total value of $169,241.98. Following the transaction, the General Counsel now directly owns 43,772 shares of the company, valued at approximately $2,075,668.24. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 75,437 shares of the company valued at $3,477,470. 4.80% of the shares are held by insiders of the company.
Changes to analyst ratings
Several brokerages have recently weighed in on TENB. Morgan Stanley lowered its target price on Tenable from $63.00 to $53.00 and set an “overweight” rating on the stock in a Wednesday July 27 research note. William Blair rephrased an “outperform” rating on Tenable stock in a Wednesday, July 20, research note. Piper Sandler lowered her price target on Tenable from $72.00 to $65.00 in a Wednesday July 13 research note. Wedbush lowered its price target on Tenable from $70.00 to $57.00 and set an “outperform” rating on the stock in a Wednesday, July 27 research note. Finally, Wolfe Research lowered its price target on Tenable from $59.00 to $47.00 and set an “outperform” rating on the stock in a Friday, July 29 research note. Sixteen investment analysts have rated the stock with a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $56.87.
Sustainable inventory performance
Shares of TENB opened at $41.36 on Friday. The stock has a market capitalization of $4.62 billion, a PE ratio of -57.44 and a beta of 1.35. Tenable Holdings, Inc. has a 52-week low of $36.67 and a 52-week high of $63.61. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt ratio of 1.53. The company has a 50-day simple moving average of $45.31 and a 200-day simple moving average of $50.22.
Tenable (NASDAQ:TENB – Get Rating) last released its quarterly results on Tuesday, July 26. The company reported ($0.24) earnings per share for the quarter, missing analyst consensus estimates of ($0.12) by ($0.12). The company posted revenue of $164.34 million in the quarter, compared to analyst estimates of $163.47 million. Tenable had a negative return on equity of 33.54% and a negative net margin of 12.97%. On average, stock analysts expect Tenable Holdings, Inc. to post -0.51 EPS for the current year.
Tenable Company Profile
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Tenable Holdings, Inc provides cyber exposure solutions for the Americas, Europe, Middle East, Africa, Asia-Pacific and Japan. Its platforms include Tenable.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which analyzes modern web applications; and Tenable.ep, a unified platform that helps organizations accurately identify, assess and prioritize cyber risks across the entire attack surface.
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