Vanderbilt University Has $5.63 Million Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Vanderbilt University raised its stake in Tenable Holdings, Inc. (NASDAQ:TENB) by 7.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,849 shares of the company’s stock after purchasing an additional 9,273 shares during the quarter. Tenable makes up about 1.0% of Vanderbilt University’s portfolio, making the stock its 16th biggest holding. Vanderbilt University’s holdings in Tenable were worth $5,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Quest Partners LLC bought a new position in shares of Tenable in the second quarter valued at $40,000. Fidelis Capital Partners LLC bought a new position in shares of Tenable in the 1st quarter valued at about $58,000. Allspring Global Investments Holdings LLC increased its stake in shares of Tenable by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company’s stock worth $183,000 after purchasing an additional 312 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Tenable in the 1st quarter valued at about $189,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Tenable in the 2nd quarter valued at about $200,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Truist Financial reissued a “buy” rating and set a $55.00 price target (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Wells Fargo & Company decreased their target price on Tenable from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Jefferies Financial Group began coverage on Tenable in a report on Wednesday, October 16th. They set a “hold” rating and a $45.00 price target for the company. Robert W. Baird dropped their price objective on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus cut their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

Tenable Stock Performance

Shares of TENB traded up $0.07 during mid-day trading on Monday, hitting $41.70. 37,558 shares of the company’s stock were exchanged, compared to its average volume of 895,378. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $40.87 and its 200-day simple moving average is $42.38. Tenable Holdings, Inc. has a 52 week low of $33.85 and a 52 week high of $53.50.

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

Insider Buying and Selling

In other news, CEO Amit Yoran sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the completion of the sale, the chief executive officer now owns 387,356 shares of the company’s stock, valued at approximately $18,484,628.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total value of $140,935.78. Following the sale, the chief operating officer now directly owns 34,079 shares of the company’s stock, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amit Yoran sold 40,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total value of $1,908,800.00. Following the transaction, the chief executive officer now directly owns 387,356 shares of the company’s stock, valued at approximately $18,484,628.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,469 shares of company stock worth $2,429,076. 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.