AMI Asset Management Corp Lowers Position in Tenable Holdings, Inc. (NASDAQ:TENB)

AMI Asset Management Corp cut its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,772 shares of the company’s stock after selling 2,530 shares during the quarter. AMI Asset Management Corp’s holdings in Tenable were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TENB. Rhumbline Advisers grew its holdings in shares of Tenable by 2.2% in the fourth quarter. Rhumbline Advisers now owns 165,650 shares of the company’s stock valued at $6,523,000 after acquiring an additional 3,554 shares in the last quarter. Truist Financial Corp bought a new position in shares of Tenable in the fourth quarter valued at approximately $1,819,000. Handelsbanken Fonder AB grew its holdings in shares of Tenable by 15.1% in the fourth quarter. Handelsbanken Fonder AB now owns 31,200 shares of the company’s stock valued at $1,229,000 after acquiring an additional 4,100 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Tenable by 3.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company’s stock valued at $616,000 after acquiring an additional 450 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Tenable in the fourth quarter valued at approximately $996,000. 89.06% of the stock is owned by hedge funds and other institutional investors.

Tenable Stock Up 0.0%

TENB opened at $33.52 on Thursday. The company has a market cap of $4.10 billion, a P/E ratio of -90.59 and a beta of 0.79. The business’s 50-day moving average price is $32.25 and its 200-day moving average price is $36.44. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative return on equity of 3.11% and a negative net margin of 4.86%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TENB shares. Westpark Capital reaffirmed a “hold” rating on shares of Tenable in a report on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, March 31st. UBS Group reduced their price objective on Tenable from $47.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Robert W. Baird reduced their price objective on Tenable from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Stifel Nicolaus reduced their price objective on Tenable from $45.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tenable currently has an average rating of “Moderate Buy” and an average target price of $40.44.

Insider Buying and Selling

In related news, CEO Stephen A. Vintz sold 3,386 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value of $109,875.70. Following the sale, the chief executive officer now directly owns 328,008 shares of the company’s stock, valued at $10,643,859.60. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Barron Anschutz sold 1,245 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $39,815.10. Following the completion of the sale, the insider now directly owns 57,905 shares in the company, valued at $1,851,801.90. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,845 shares of company stock valued at $637,709 over the last ninety days. 1.50% of the stock is owned by insiders.

Tenable 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.