Panagora Asset Management Inc. Grows Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Panagora Asset Management Inc. grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,507 shares of the company’s stock after acquiring an additional 34,254 shares during the period. Panagora Asset Management Inc. owned about 0.31% of Tenable worth $16,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Tenable during the 4th quarter worth approximately $35,000. Fidelis Capital Partners LLC acquired a new position in Tenable during the first quarter worth $58,000. Verity & Verity LLC purchased a new stake in Tenable during the 1st quarter worth approximately $127,000. Allspring Global Investments Holdings LLC grew its holdings 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 acquiring an additional 312 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Tenable in the 1st quarter valued at about $189,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Insider Buying and Selling

In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the sale, the chief operating officer now owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at approximately $1,419,731.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amit Yoran sold 40,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total value of $1,908,800.00. Following the completion of the sale, the chief executive officer now directly owns 387,356 shares in the company, valued at $18,484,628.32. The disclosure for this sale can be found here. Insiders have sold a total of 52,469 shares of company stock valued at $2,429,076 over the last three months. 4.30% of the stock is owned by company insiders.

Tenable Price Performance

Shares of TENB stock traded down $0.25 during trading hours on Friday, reaching $41.28. The stock had a trading volume of 2,173,483 shares, compared to its average volume of 955,327. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The stock’s fifty day simple moving average is $42.50 and its 200 day simple moving average is $44.59. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $4.92 billion, a PE ratio of -71.60 and a beta of 0.86.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. On average, equities research analysts predict that Tenable Holdings, Inc. will post -0.06 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on TENB. Robert W. Baird cut their price target on shares of Tenable from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Wells Fargo & Company decreased their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. DA Davidson cut shares of Tenable from a “buy” rating to a “neutral” rating and cut their price target for the company from $56.00 to $40.00 in a report on Thursday, August 1st. Barclays lowered their price objective on Tenable from $57.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Finally, Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Tenable in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.00.

About Tenable

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.