Bank of New York Mellon Corp increased its holdings in shares of Tenable Holdings Inc (NASDAQ:TENB) by 148.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 437,495 shares of the company’s stock after buying an additional 261,350 shares during the quarter. Bank of New York Mellon Corp’s holdings in Tenable were worth $13,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Tenable by 336.7% in 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 in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Tenable in the first quarter valued at about $244,000. BlackRock Inc. grew its stake in Tenable by 3.1% during the 1st quarter. BlackRock Inc. now owns 3,127,129 shares of the company’s stock valued at $68,359,000 after purchasing an additional 94,333 shares in the last quarter. Victory Capital Management Inc. grew its stake in Tenable by 20.8% during the 1st quarter. Victory Capital Management Inc. now owns 9,380 shares of the company’s stock valued at $205,000 after purchasing an additional 1,612 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Tenable by 3.1% in the 1st quarter. Rhumbline Advisers now owns 49,720 shares of the company’s stock worth $1,087,000 after acquiring an additional 1,479 shares in the last quarter. Institutional investors own 78.13% of the company’s stock.

TENB has been the subject of several research reports. BidaskClub lowered Tenable from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 11th. Wedbush lifted their target price on Tenable from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on Tenable from $31.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley lifted their target price on Tenable from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. Finally, Monness Crespi & Hardt lifted their target price on Tenable from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.00.

Shares of NASDAQ TENB opened at $37.71 on Wednesday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -40.99 and a beta of 1.88. Tenable Holdings Inc has a 12-month low of $16.28 and a 12-month high of $41.80. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $35.04 and its 200 day simple moving average is $28.57.

Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, July 28th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.25. Tenable had a negative return on equity of 68.33% and a negative net margin of 22.79%. The firm had revenue of $107.21 million for the quarter, compared to the consensus estimate of $102.23 million. During the same quarter in the previous year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, equities analysts forecast that Tenable Holdings Inc will post -0.57 earnings per share for the current fiscal year.

In related news, Director Jerry M. Kennelly sold 16,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $33.49, for a total value of $535,840.00. Following the completion of the transaction, the director now owns 16,000 shares in the company, valued at approximately $535,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amit Yoran sold 6,421 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $30.24, for a total transaction of $194,171.04. Following the completion of the transaction, the chief executive officer now owns 1,294,471 shares of the company’s stock, valued at approximately $39,144,803.04. The disclosure for this sale can be found here. Insiders sold a total of 5,760,786 shares of company stock valued at $184,200,356 in the last quarter. 16.40% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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