Oregon Public Employees Retirement Fund acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 24,700 shares of the company’s stock, valued at approximately $899,000.
A number of other institutional investors have also recently bought and sold shares of TENB. Salomon & Ludwin LLC bought a new position in shares of Tenable during the 3rd quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Tenable during the third quarter worth $1,829,000. Vise Technologies Inc. boosted its stake in shares of Tenable by 25.2% in the 3rd quarter. Vise Technologies Inc. now owns 23,516 shares of the company’s stock valued at $856,000 after purchasing an additional 4,735 shares in the last quarter. Arta Finance Wealth Management LLC bought a new stake in shares of Tenable in the 3rd quarter worth about $222,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Tenable during the 3rd quarter worth about $1,095,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Needham & Company LLC increased their price target on Tenable from $36.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Wells Fargo & Company upped their target price on shares of Tenable from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. TD Cowen upped their price objective on Tenable from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Stifel Nicolaus lifted their target price on Tenable from $31.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, October 29th. Finally, Weiss Ratings upgraded Tenable from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Tenable presently has an average rating of “Hold” and a consensus price target of $46.25.
Check Out Our Latest Stock Analysis on Tenable
Tenable Trading Up 3.7%
NASDAQ:TENB opened at $43.67 on Tuesday. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $53.22. The business’s 50-day moving average price is $39.26 and its two-hundred day moving average price is $29.46. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 102.91 and a beta of 0.89.
Tenable (NASDAQ:TENB – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $276.39 million during the quarter, compared to analysts’ expectations of $271.58 million. Tenable had a return on equity of 28.72% and a net margin of 1.48%. Tenable’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. On average, equities analysts expect that Tenable Holdings, Inc. will post 0.58 earnings per share for the current year.
Insider Activity
In other Tenable news, Director A. Brooke Seawell sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $50.33, for a total transaction of $754,950.00. Following the sale, the director directly owned 115,292 shares in the company, valued at approximately $5,802,646.36. This trade represents a 11.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Barron Anschutz sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. Following the completion of the transaction, the chief accounting officer owned 66,077 shares of the company’s stock, valued at $3,369,927. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,390 shares of company stock worth $1,314,446. Corporate insiders own 1.70% of the company’s stock.
Tenable Profile
Tenable Holdings, Inc is a cybersecurity company that helps organizations identify, assess and manage security risks across their technology environments. Its exposure management approach is designed to give customers visibility into vulnerabilities and other potential weaknesses across information technology, cloud, operational technology and identity systems.
The company’s offerings include Tenable One, its exposure management platform, and Nessus, its vulnerability assessment product.
Read More
- Five stocks we like better than Tenable
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding TENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenable Holdings, Inc. (NASDAQ:TENB – Free Report).
Receive News & Ratings for Tenable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenable and related companies with MarketBeat.com's FREE daily email newsletter.
