AMI Asset Management Corp Has $1.04 Million Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

AMI Asset Management Corp cut its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,302 shares of the company’s stock after selling 1,429 shares during the quarter. AMI Asset Management Corp’s holdings in Tenable were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TENB. FMR LLC raised its position in Tenable by 2.0% in the 3rd quarter. FMR LLC now owns 15,210,927 shares of the company’s stock valued at $616,347,000 after buying an additional 305,334 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Tenable by 12.7% in the second quarter. Mackenzie Financial Corp now owns 4,191,935 shares of the company’s stock valued at $182,685,000 after purchasing an additional 471,126 shares during the last quarter. State Street Corp lifted its position in shares of Tenable by 2.6% during the third quarter. State Street Corp now owns 2,913,580 shares of the company’s stock valued at $118,058,000 after purchasing an additional 73,293 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Tenable by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,794,485 shares of the company’s stock worth $113,255,000 after purchasing an additional 33,303 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in Tenable by 0.6% in the 3rd quarter. Penserra Capital Management LLC now owns 1,135,875 shares of the company’s stock worth $46,025,000 after purchasing an additional 7,301 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Wall Street Analysts Forecast Growth

TENB has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Tenable from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price target (down from $50.00) on shares of Tenable in a report on Monday, December 2nd. Westpark Capital restated a “hold” rating on shares of Tenable in a research note on Thursday, October 31st. Jefferies Financial Group lifted their target price on Tenable from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Tenable in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.19.

Insider Buying and Selling at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 2,801 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the sale, the chief financial officer now owns 281,536 shares of the company’s stock, valued at $11,464,145.92. This represents a 0.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raymond Jr. Vicks sold 809 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the sale, the director now directly owns 8,659 shares in the company, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,463 shares of company stock worth $894,042 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Tenable Price Performance

Shares of Tenable stock opened at $40.83 on Tuesday. The company has a 50 day simple moving average of $41.10 and a two-hundred day simple moving average of $41.36. Tenable Holdings, Inc. has a 1 year low of $35.25 and a 1 year high of $53.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

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.