AMI Asset Management Corp Sells 1,792 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

by · The Cerbat Gem

AMI Asset Management Corp decreased its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB – Free Report) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,731 shares of the company’s stock after selling 1,792 shares during the period. AMI Asset Management Corp’s holdings in Tenable were worth $1,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanderbilt University lifted its stake in Tenable by 7.2% during the third quarter. Vanderbilt University now owns 138,849 shares of the company’s stock worth $5,626,000 after purchasing an additional 9,273 shares during the period. Tempus Wealth Planning LLC acquired a new stake in shares of Tenable during the third quarter worth approximately $285,000. Claro Advisors LLC increased its holdings in shares of Tenable by 160.4% during the third quarter. Claro Advisors LLC now owns 16,278 shares of the company’s stock worth $660,000 after buying an additional 10,028 shares in the last quarter. Creative Planning increased its holdings in shares of Tenable by 24.6% during the third quarter. Creative Planning now owns 11,888 shares of the company’s stock worth $482,000 after buying an additional 2,347 shares in the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Tenable during the third quarter worth approximately $4,812,000. Institutional investors own 89.06% of the company’s stock.

Tenable Trading Up 2.8 %

Shares of NASDAQ TENB opened at $41.80 on Wednesday. The company’s fifty day moving average is $40.83 and its 200-day moving average is $42.27. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of -74.64 and a beta of 0.83. Tenable Holdings, Inc. has a twelve month low of $33.85 and a twelve month high of $53.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98.

Tenable (NASDAQ:TENB – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $221.24 million for the quarter, compared to analysts’ expectations of $218.41 million. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. Equities research analysts predict that Tenable Holdings, Inc. will post -0.06 EPS for the current year.

Insider Transactions at Tenable

In other news, CFO Stephen A. Vintz sold 3,413 shares of Tenable stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $142,492.75. Following the transaction, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at $11,627,082.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Stephen A. Vintz sold 3,413 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $142,492.75. Following the sale, the chief financial officer now directly owns 278,493 shares of the company’s stock, valued at approximately $11,627,082.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amit Yoran sold 5,673 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the sale, the chief executive officer now directly owns 39,309 shares in the company, valued at $1,641,150.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,469 shares of company stock valued at $520,276 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TENB shares. Scotiabank dropped their price objective on shares of Tenable from $47.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a report on Thursday, August 1st. Piper Sandler dropped 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, August 1st. Morgan Stanley lowered their price target on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Baird R W raised shares of Tenable to a “strong-buy” rating in a report on Monday, July 15th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.38.

Check Out Our Latest Research Report on TENB

About Tenable

(Free Report)

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.

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