Pinnacle Associates Ltd. Has $11.92 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Pinnacle Associates Ltd. lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 1.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 294,080 shares of the company’s stock after buying an additional 3,004 shares during the quarter. Pinnacle Associates Ltd. owned about 0.25% of Tenable worth $11,916,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanderbilt University raised its stake in Tenable by 7.2% in the 3rd quarter. Vanderbilt University now owns 138,849 shares of the company’s stock worth $5,626,000 after purchasing an additional 9,273 shares in the last quarter. Tempus Wealth Planning LLC acquired a new stake in Tenable in the 3rd quarter worth about $285,000. Claro Advisors LLC raised its stake in Tenable by 160.4% in the 3rd quarter. Claro Advisors LLC now owns 16,278 shares of the company’s stock worth $660,000 after purchasing an additional 10,028 shares in the last quarter. Creative Planning raised its stake in Tenable by 24.6% in the 3rd quarter. Creative Planning now owns 11,888 shares of the company’s stock worth $482,000 after purchasing an additional 2,347 shares in the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in Tenable in the 3rd quarter worth about $4,812,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on TENB shares. Morgan Stanley dropped their price objective on shares of Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. DA Davidson lowered shares of Tenable from a “buy” rating to a “neutral” rating and decreased their target price for the company from $56.00 to $40.00 in a report on Thursday, August 1st. Wells Fargo & Company decreased their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Stifel Nicolaus decreased their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Canaccord Genuity Group decreased their target price on shares of Tenable from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

Tenable Stock Down 1.4 %

NASDAQ:TENB opened at $41.23 on Thursday. The firm’s 50 day simple moving average is $40.83 and its 200 day simple moving average is $42.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.21 and a quick ratio of 1.21. Tenable Holdings, Inc. has a one year low of $33.85 and a one year high of $53.50. The company has a market cap of $4.91 billion, a PE ratio of -73.63 and a beta of 0.83.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, July 31st. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $221.24 million for the quarter, compared to the consensus estimate of $218.41 million. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. On average, research analysts anticipate that Tenable Holdings, Inc. will post -0.06 earnings per share for the current year.

Insider Transactions at Tenable

In other news, CFO Stephen A. Vintz sold 3,413 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $142,492.75. Following the transaction, the chief financial officer now owns 278,493 shares in the company, valued at $11,627,082.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark C. Thurmond sold 3,383 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the transaction, the chief operating officer now owns 34,079 shares in the company, valued at $1,419,731.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,469 shares of company stock worth $520,276. Company insiders own 4.30% of the company’s stock.

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.