Victory Capital Management Inc. Purchases 3,144 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Victory Capital Management Inc. raised its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 25.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,598 shares of the company’s stock after acquiring an additional 3,144 shares during the quarter. Victory Capital Management Inc.’s holdings in Tenable were worth $718,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TENB. Vanguard Group Inc. lifted its holdings in Tenable by 2.4% in the third quarter. Vanguard Group Inc. now owns 12,251,265 shares of the company’s stock valued at $548,857,000 after buying an additional 285,678 shares during the period. Mackenzie Financial Corp increased its holdings in Tenable by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,038,152 shares of the company’s stock valued at $139,937,000 after purchasing an additional 16,515 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Tenable by 36.6% in the third quarter. William Blair Investment Management LLC now owns 3,028,310 shares of the company’s stock valued at $135,668,000 after buying an additional 810,831 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Tenable by 11.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,195,092 shares of the company’s stock worth $98,340,000 after buying an additional 227,977 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Tenable by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 1,791,909 shares of the company’s stock worth $80,278,000 after buying an additional 245,243 shares during the period. Institutional investors own 89.06% of the company’s stock.

Insider Transactions at Tenable

In related news, COO Mark C. Thurmond sold 2,219 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $97,103.44. Following the transaction, the chief operating officer now directly owns 30,335 shares in the company, valued at $1,327,459.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Stephen A. Vintz sold 9,671 shares of Tenable stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $47.72, for a total transaction of $461,500.12. Following the completion of the transaction, the chief financial officer now directly owns 260,492 shares in the company, valued at approximately $12,430,678.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark C. Thurmond sold 2,219 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.76, for a total value of $97,103.44. Following the transaction, the chief operating officer now directly owns 30,335 shares in the company, valued at $1,327,459.60. The disclosure for this sale can be found here. Insiders have sold a total of 302,055 shares of company stock worth $14,271,013 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TENB shares. Wells Fargo & Company increased their target price on shares of Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Scotiabank began coverage on Tenable in a report on Friday, April 26th. They set a “sector perform” rating and a $47.00 target price on the stock. Stephens raised their price target on Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Truist Financial boosted their price objective on Tenable from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Susquehanna raised their target price on shares of Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.20.

Tenable Stock Down 0.0 %

Tenable stock opened at $43.41 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.00. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50. The company has a fifty day simple moving average of $46.42 and a 200 day simple moving average of $45.48. The company has a market cap of $5.16 billion, a P/E ratio of -74.84 and a beta of 0.94.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The company had revenue of $215.96 million during the quarter, compared to analysts’ expectations of $213.56 million. Research analysts anticipate that Tenable Holdings, Inc. will post -0.14 earnings per share for the current fiscal year.

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.