Diversified Trust Co bought a new position in shares of Tenable Holdings Inc (NASDAQ:TENB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,175 shares of the company’s stock, valued at approximately $205,000.
Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in Tenable during the second quarter worth $31,000. Bank of Montreal Can boosted its position in shares of Tenable by 1,850.0% during the second quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock worth $124,000 after buying an additional 4,107 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Tenable during the first quarter worth $244,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Tenable by 40.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock worth $259,000 after buying an additional 2,630 shares during the period. Finally, Bessemer Group Inc. purchased a new position in shares of Tenable during the second quarter worth $293,000. 52.53% of the stock is owned by institutional investors.
Several research analysts have recently commented on TENB shares. Stifel Nicolaus set a $38.00 price target on Tenable and gave the stock a “buy” rating in a research report on Wednesday, July 31st. SunTrust Banks started coverage on Tenable in a research report on Wednesday, October 2nd. They set a “hold” rating and a $25.00 price target for the company. Macquarie started coverage on Tenable in a research report on Tuesday, July 16th. They set a “neutral” rating and a $35.00 price target for the company. Nomura set a $29.00 price target on Tenable and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Wedbush restated a “buy” rating and set a $44.00 price target on shares of Tenable in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Tenable has a consensus rating of “Buy” and a consensus target price of $34.90.
NASDAQ:TENB opened at $21.97 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of -16.15 and a beta of 2.69. The stock has a fifty day moving average price of $22.86 and a 200 day moving average price of $27.39. Tenable Holdings Inc has a 12-month low of $20.00 and a 12-month high of $36.26. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05.
Tenable (NASDAQ:TENB) last released its earnings results on Tuesday, July 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.17. The firm had revenue of $85.38 million during the quarter, compared to analyst estimates of $82.73 million. Tenable had a negative return on equity of 65.80% and a negative net margin of 26.92%. Tenable’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the business posted ($0.18) earnings per share. Equities analysts forecast that Tenable Holdings Inc will post -0.95 EPS for the current year.
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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