Invesco Ltd. trimmed its stake in shares of Tenable Holdings Inc (NASDAQ:TENB) by 9.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,695 shares of the company’s stock after selling 6,333 shares during the period. Invesco Ltd. owned approximately 0.06% of Tenable worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its holdings in Tenable by 3,652.8% during the second quarter. Allianz Asset Management GmbH now owns 1,093,310 shares of the company’s stock valued at $31,204,000 after buying an additional 1,064,177 shares during the last quarter. Holocene Advisors LP purchased a new stake in Tenable during the second quarter valued at approximately $16,596,000. Emerald Advisers LLC purchased a new stake in Tenable during the second quarter valued at approximately $16,090,000. FMR LLC increased its holdings in Tenable by 336.7% during the first quarter. FMR LLC now owns 678,769 shares of the company’s stock valued at $21,489,000 after buying an additional 523,335 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Tenable during the second quarter valued at approximately $14,790,000. 53.30% of the stock is owned by hedge funds and other institutional investors.
Shares of TENB traded up $0.54 during mid-day trading on Friday, reaching $25.96. The stock had a trading volume of 215,300 shares, compared to its average volume of 717,318. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -19.09 and a beta of 2.72. Tenable Holdings Inc has a 12 month low of $20.00 and a 12 month high of $36.26. The business has a fifty day moving average of $23.04 and a 200 day moving average of $26.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.52.
Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.17. The company had revenue of $91.90 million for the quarter, compared to the consensus estimate of $88.79 million. Tenable had a negative net margin of 24.14% and a negative return on equity of 64.40%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. On average, research analysts forecast that Tenable Holdings Inc will post -0.87 EPS for the current fiscal year.
In other Tenable news, Director John C. Huffard, Jr. sold 50,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $25.48, for a total transaction of $1,274,000.00. Also, Director John C. Huffard, Jr. sold 25,466 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $24.98, for a total transaction of $636,140.68. Company insiders own 31.90% of the company’s stock.
A number of analysts have commented on TENB shares. Deutsche Bank set a $38.00 target price on shares of Tenable and gave the company a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus set a $38.00 target price on shares of Tenable and gave the company a “buy” rating in a report on Wednesday, July 31st. Wedbush reiterated a “buy” rating and issued a $44.00 price target on shares of Tenable in a research report on Wednesday, July 31st. Macquarie initiated coverage on shares of Tenable in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $35.00 price target for the company. Finally, SunTrust Banks initiated coverage on shares of Tenable in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $25.00 price target for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Tenable currently has an average rating of “Buy” and an average target price of $33.91.
Tenable Company Profile
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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