Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Washington Harbour Partners LP

Washington Harbour Partners LP raised its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 247.9% during the 1st quarter, Holdings Channel reports. The firm owned 128,015 shares of the company’s stock after buying an additional 91,215 shares during the quarter. Tenable makes up about 10.3% of Washington Harbour Partners LP’s holdings, making the stock its largest holding. Washington Harbour Partners LP’s holdings in Tenable were worth $6,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. increased its stake in shares of Tenable by 3.5% during the fourth quarter. Xponance Inc. now owns 6,939 shares of the company’s stock worth $320,000 after purchasing an additional 232 shares in the last quarter. Fulton Bank N.A. increased its stake in Tenable by 4.1% during the 1st quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock worth $374,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after buying an additional 312 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Tenable by 0.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 121,194 shares of the company’s stock valued at $5,582,000 after acquiring an additional 474 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of Tenable by 1.0% in the first quarter. American International Group Inc. now owns 57,385 shares of the company’s stock valued at $2,837,000 after acquiring an additional 592 shares in the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tenable

In other Tenable news, Director Yoran Amit 70,000 shares of the stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tenable news, Director Yoran Amit 70,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark C. Thurmond 4,700 shares of the company’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold 64,132 shares of company stock worth $2,957,983 in the last three months. 4.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on TENB. Scotiabank reduced their price objective on Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday. Robert W. Baird dropped their target price on shares of Tenable from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday. DA Davidson downgraded shares of Tenable from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $56.00 to $40.00 in a research note on Thursday. Stifel Nicolaus dropped their price objective on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Piper Sandler cut their price objective on shares of Tenable from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Tenable Trading Down 7.5 %

Shares of NASDAQ:TENB traded down $3.44 during mid-day trading on Thursday, reaching $42.48. 5,027,499 shares of the company were exchanged, compared to its average volume of 972,306. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of -73.24 and a beta of 0.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.23 and a quick ratio of 1.23. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The firm’s 50-day simple moving average is $42.45 and its 200 day simple moving average is $45.52.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. The business had revenue of $215.96 million during the quarter, compared to analyst estimates of $213.56 million. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. Equities research analysts forecast that Tenable Holdings, Inc. will post -0.14 EPS for the current year.

Tenable Company 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.