Silvercrest Asset Management Group LLC Purchases 6,097 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Silvercrest Asset Management Group LLC boosted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 102.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,021 shares of the company’s stock after buying an additional 6,097 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Tenable were worth $473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Tenable during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in Tenable during the fourth quarter valued at approximately $38,000. Johnson Financial Group Inc. purchased a new stake in Tenable during the fourth quarter valued at approximately $53,000. Finally, Larson Financial Group LLC raised its position in Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after purchasing an additional 675 shares during the period. 89.06% of the stock is owned by institutional investors.

Tenable Stock Up 0.1%

Shares of NASDAQ:TENB opened at $32.69 on Wednesday. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $49.18. The stock has a market cap of $3.99 billion, a P/E ratio of -108.97 and a beta of 0.83. The business’s 50 day moving average is $33.32 and its 200 day moving average is $38.08. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company had revenue of $239.14 million for the quarter, compared to analysts’ expectations of $234.12 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Tenable’s revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TENB shares. JPMorgan Chase & Co. decreased their price objective on Tenable from $53.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Barclays decreased their price objective on Tenable from $40.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their price objective on Tenable from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Scotiabank decreased their price objective on Tenable from $45.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald initiated coverage on Tenable in a research report on Monday, March 31st. They set an “overweight” rating and a $50.00 price objective on the stock. Eight 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.44.

Insider Buying and Selling

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the sale, the chief executive officer now owns 316,523 shares of the company’s stock, valued at approximately $12,078,517.68. This trade represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark C. Thurmond sold 3,606 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total value of $138,758.88. Following the sale, the chief executive officer now directly owns 74,295 shares in the company, valued at $2,858,871.60. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,787 shares of company stock valued at $486,206 over the last quarter. 1.50% of the stock is owned by corporate insiders.

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.