Avior Wealth Management LLC Sells 4,352 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Avior Wealth Management LLC decreased its holdings in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,885 shares of the company’s stock after selling 4,352 shares during the period. Avior Wealth Management LLC’s holdings in Tenable were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TENB. Norges Bank bought a new position in shares of Tenable during the fourth quarter valued at approximately $42,934,000. William Blair Investment Management LLC increased its stake in shares of Tenable by 36.6% during 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 purchasing an additional 810,831 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Tenable by 1,772.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 637,287 shares of the company’s stock valued at $28,939,000 after purchasing an additional 603,250 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Tenable by 6.4% during the first quarter. Vanguard Group Inc. now owns 9,900,298 shares of the company’s stock valued at $572,138,000 after purchasing an additional 595,338 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of Tenable by 114.7% during the third quarter. Lord Abbett & CO. LLC now owns 1,006,755 shares of the company’s stock valued at $45,103,000 after purchasing an additional 537,886 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $65.00 target price on shares of Tenable in a research note on Wednesday, April 10th. Westpark Capital raised shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, January 12th. Susquehanna raised their price target on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Morgan Stanley raised shares of Tenable from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $46.00 to $60.00 in a research report on Tuesday, January 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $62.00 price target on shares of Tenable in a research report on Tuesday, March 19th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.63.

Insider Transactions at Tenable

In other news, CEO Amit Yoran sold 33,201 shares of Tenable stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the transaction, the chief executive officer now owns 291,532 shares in the company, valued at approximately $13,964,382.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Amit Yoran sold 33,201 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the sale, the chief executive officer now directly owns 291,532 shares in the company, valued at approximately $13,964,382.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark C. Thurmond sold 1,089 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $47.73, for a total transaction of $51,977.97. Following the sale, the chief operating officer now owns 48,846 shares in the company, valued at $2,331,419.58. The disclosure for this sale can be found here. Insiders have sold 350,583 shares of company stock worth $16,611,943 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Tenable Stock Performance

Shares of Tenable stock opened at $44.83 on Friday. The company’s fifty day simple moving average is $48.03 and its 200-day simple moving average is $45.09. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04.

Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. The business had revenue of $213.31 million for the quarter, compared to analysts’ expectations of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. On average, equities analysts anticipate that Tenable Holdings, Inc. will post -0.12 earnings per share for the current year.

Tenable Company 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.