Rhumbline Advisers Buys 21,354 Shares of Tenable Holdings Inc (NASDAQ:TENB)

Rhumbline Advisers lifted its stake in Tenable Holdings Inc (NASDAQ:TENB) by 126.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,230 shares of the company’s stock after acquiring an additional 21,354 shares during the quarter. Rhumbline Advisers’ holdings in Tenable were worth $1,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC grew its position in shares of Tenable by 1,743.0% in the 4th quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock valued at $41,000 after buying an additional 1,743 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Tenable by 193.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock worth $89,000 after purchasing an additional 2,659 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Tenable during the first quarter worth $205,000. BNP Paribas Arbitrage SA lifted its position in shares of Tenable by 4,624.1% during the first quarter. BNP Paribas Arbitrage SA now owns 6,472 shares of the company’s stock worth $205,000 after purchasing an additional 6,335 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Tenable in the first quarter valued at $226,000. Institutional investors and hedge funds own 53.51% of the company’s stock.

TENB has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Tenable from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Wedbush reiterated a “buy” rating and set a $44.00 target price on shares of Tenable in a research note on Wednesday, May 1st. Cowen started coverage on shares of Tenable in a research note on Thursday, May 23rd. They set an “outperform” rating and a $36.00 target price for the company. Finally, Nomura started coverage on shares of Tenable in a research note on Friday. They set a “neutral” rating and a $30.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $37.11.

Shares of Tenable stock traded up $0.14 during trading on Monday, hitting $28.68. 333,700 shares of the stock were exchanged, compared to its average volume of 778,808. The company has a fifty day moving average of $27.88. The stock has a market cap of $2.75 billion and a PE ratio of -21.09. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. Tenable Holdings Inc has a 12 month low of $20.00 and a 12 month high of $39.38.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Tuesday, April 30th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.05. The firm had revenue of $80.30 million for the quarter, compared to the consensus estimate of $78.37 million. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Sell-side analysts expect that Tenable Holdings Inc will post -1.02 EPS for the current fiscal year.

In related news, CEO Amit Yoran sold 10,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $27.90, for a total value of $279,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Huffard, Jr. sold 46,056 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $31.69, for a total transaction of $1,459,514.64. The disclosure for this sale can be found here. Insiders have sold 285,755 shares of company stock valued at $9,203,340 in the last 90 days. Insiders own 31.90% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.

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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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