Hunter Associates Investment Management LLC Makes New Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Hunter Associates Investment Management LLC acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,457 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Tenable by 2.4% during the third quarter. Vanguard Group Inc. now owns 12,251,265 shares of the company’s stock worth $548,857,000 after purchasing an additional 285,678 shares in the last quarter. BlackRock Inc. increased its stake in shares of Tenable by 3.8% during the first quarter. BlackRock Inc. now owns 10,247,170 shares of the company’s stock worth $486,843,000 after purchasing an additional 370,932 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Tenable by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock worth $139,937,000 after purchasing an additional 16,515 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Tenable by 36.6% during the third quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock worth $135,668,000 after purchasing an additional 810,831 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Tenable by 3.8% during the second quarter. State Street Corp now owns 2,503,307 shares of the company’s stock worth $109,019,000 after purchasing an additional 92,160 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Trading Up 1.7 %

Shares of TENB stock traded up $0.74 during trading hours on Friday, hitting $44.83. The company had a trading volume of 925,864 shares, compared to its average volume of 690,302. The company’s fifty day moving average is $47.89 and its 200 day moving average is $45.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. Tenable Holdings, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The stock has a market capitalization of $5.32 billion, a PE ratio of -65.93 and a beta of 0.94.

Tenable (NASDAQ:TENB) last released its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. The company had revenue of $213.31 million for the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. Research analysts expect that Tenable Holdings, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $62.00 target price on shares of Tenable in a research note on Tuesday, March 19th. Stephens upped their price objective on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Susquehanna upped their price objective on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Truist Financial upped their price objective on shares of Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Tenable in a research note on Wednesday, April 10th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Tenable presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.63.

Insiders Place Their Bets

In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $49.56, for a total transaction of $768,427.80. Following the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,782,713.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Tenable news, CFO Stephen A. Vintz sold 11,586 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $49.11, for a total value of $568,988.46. Following the sale, the chief financial officer now directly owns 257,924 shares of the company’s stock, valued at approximately $12,666,647.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 15,505 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $49.56, for a total transaction of $768,427.80. Following the completion of the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at $12,782,713.44. The disclosure for this sale can be found here. Insiders have sold a total of 350,583 shares of company stock worth $16,611,943 in the last ninety days. 4.50% of the stock is owned by corporate insiders.

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.