Harbor Investment Advisory LLC lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,355 shares of the company's stock after buying an additional 530 shares during the period. Harbor Investment Advisory LLC's holdings in Tenable were worth $289,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Arizona State Retirement System boosted its position in shares of Tenable by 1.3% during the first quarter. Arizona State Retirement System now owns 20,331 shares of the company's stock valued at $1,175,000 after buying an additional 251 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Tenable by 0.6% during the first quarter. New York State Common Retirement Fund now owns 66,683 shares of the company's stock valued at $3,854,000 after buying an additional 407 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Tenable during the first quarter valued at approximately $25,000. Brown Advisory Inc. boosted its position in shares of Tenable by 5.7% during the first quarter. Brown Advisory Inc. now owns 9,658 shares of the company's stock valued at $539,000 after buying an additional 517 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of Tenable by 9.3% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,976 shares of the company's stock valued at $403,000 after buying an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company's stock.
Get Tenable alerts:Wall Street Analyst Weigh In
Several research firms have weighed in on TENB. The Goldman Sachs Group cut their price objective on Tenable from $71.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, August 2nd. Canaccord Genuity Group cut their price objective on Tenable from $65.00 to $56.00 in a research report on Wednesday, July 27th. Wedbush cut their price objective on Tenable from $70.00 to $57.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. TheStreet cut Tenable from a "c-" rating to a "d+" rating in a research report on Friday, September 16th. Finally, Barclays cut their price objective on Tenable from $58.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 27th. Fourteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Tenable currently has an average rating of "Buy" and an average price target of $56.77.
Tenable Price Performance
NASDAQ:TENB opened at $34.56 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.53. Tenable Holdings, Inc. has a 52-week low of $33.72 and a 52-week high of $63.61. The business's fifty day moving average is $41.02 and its 200 day moving average is $47.93.Tenable (NASDAQ:TENB – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.12). Tenable had a negative net margin of 12.97% and a negative return on equity of 33.54%. The company had revenue of $164.34 million for the quarter, compared to the consensus estimate of $163.47 million. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post -0.51 earnings per share for the current fiscal year.
Insider Activity at Tenable
In other Tenable news, 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 value of $877,227.82. Following the transaction, the director now directly owns 25,879 shares in the company, valued at approximately $1,184,481.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tenable news, CFO Stephen A. Vintz sold 2,812 shares of the company's stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $42.23, for a total value of $118,750.76. Following the transaction, the chief financial officer now directly owns 142,188 shares in the company, valued at approximately $6,004,599.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $877,227.82. Following the completion of the transaction, the director now owns 25,879 shares in the company, valued at $1,184,481.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,068 shares of company stock worth $2,873,243. 4.80% of the stock is owned by company insiders.
Tenable Company 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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