Lord Abbett & CO. LLC acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 540,853 shares of the company's stock, valued at approximately $31,256,000. Lord Abbett & CO. LLC owned approximately 0.49% of Tenable as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. KRS Capital Management LLC bought a new position in Tenable in the fourth quarter worth approximately $33,000. Exane Derivatives bought a new position in Tenable in the first quarter worth approximately $72,000. Point72 Hong Kong Ltd bought a new position in Tenable in the fourth quarter worth approximately $80,000. Raymond James Financial Services Advisors Inc. bought a new position in Tenable in the first quarter worth approximately $207,000. Finally, Keebeck Alpha LP bought a new position in Tenable in the first quarter worth approximately $212,000. Institutional investors own 87.67% of the company's stock.

Insiders Place Their Bets

In other Tenable news, CEO Amit Yoran sold 9,427 shares of the company's stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $47.70, for a total value of $449,667.90. Following the completion of the transaction, the chief executive officer now owns 109,847 shares in the company, valued at $5,239,701.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Amit Yoran sold 9,427 shares of the company's stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $47.70, for a total transaction of $449,667.90. Following the completion of the transaction, the chief executive officer now owns 109,847 shares in the company, valued at approximately $5,239,701.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur W. Coviello, Jr. sold 19,166 shares of the company's stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $45.77, for a total transaction of $877,227.82. Following the transaction, the director now owns 25,879 shares of the company's stock, valued at approximately $1,184,481.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,495 shares of company stock worth $3,322,911. Company insiders own 4.80% of the company's stock.

Tenable Price Performance

Tenable (NASDAQ:TENB – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The business had revenue of $164.34 million during the quarter, compared to analysts' expectations of $163.47 million. Tenable had a negative net margin of 12.97% and a negative return on equity of 33.54%. Research analysts expect that Tenable Holdings, Inc. will post -0.51 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TENB. DA Davidson cut their price target on shares of Tenable from $75.00 to $53.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Morgan Stanley cut their price target on shares of Tenable from $63.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, July 27th. Wedbush cut their price target on shares of Tenable from $70.00 to $57.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Wolfe Research cut their price target on shares of Tenable from $59.00 to $47.00 and set an "outperform" rating on the stock in a report on Friday, July 29th. Finally, The Goldman Sachs Group cut their price target on shares of Tenable from $71.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, August 2nd. Fifteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $56.64.

Tenable Profile

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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.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 provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

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