Lazard Asset Management LLC Has $321,000 Stock Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Lazard Asset Management LLC lifted its holdings in Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) by 62.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,838 shares of the company’s stock after buying an additional 2,242 shares during the period. Lazard Asset Management LLC’s holdings in Tenable were worth $321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC acquired a new stake in Tenable during the fourth quarter valued at $31,000. Evoke Wealth LLC raised its holdings in Tenable by 1,220.3% during the fourth quarter. Evoke Wealth LLC now owns 779 shares of the company’s stock valued at $43,000 after buying an additional 720 shares in the last quarter. Concord Wealth Partners increased its stake in shares of Tenable by 165.0% in the fourth quarter. Concord Wealth Partners now owns 795 shares of the company’s stock worth $44,000 after purchasing an additional 495 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Tenable in the fourth quarter worth about $83,000. Finally, Macquarie Group Ltd. increased its stake in shares of Tenable by 57.5% in the third quarter. Macquarie Group Ltd. now owns 3,433 shares of the company’s stock worth $158,000 after purchasing an additional 1,254 shares during the period. 83.39% of the stock is owned by hedge funds and other institutional investors.

In other Tenable news, CEO Amit Yoran sold 10,000 shares of the stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $48.86, for a total value of $488,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen A. Vintz sold 8,421 shares of the stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $45.76, for a total transaction of $385,344.96. The disclosure for this sale can be found here. Insiders sold a total of 277,646 shares of company stock valued at $15,804,607 over the last quarter. 8.40% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lifted their price objective on Tenable from $62.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Zacks Investment Research cut shares of Tenable from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Morgan Stanley upped their target price on shares of Tenable from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, February 2nd. Stifel Nicolaus upped their target price on shares of Tenable from $63.00 to $66.00 in a research report on Wednesday, April 27th. Finally, Canaccord Genuity Group upped their price objective on shares of Tenable from $62.00 to $75.00 in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $67.29.

Shares of NASDAQ:TENB opened at $47.17 on Friday. Tenable Holdings, Inc. has a 52-week low of $38.43 and a 52-week high of $63.61. The company has a market capitalization of $5.22 billion, a P/E ratio of -81.33 and a beta of 1.53. The company has a 50-day simple moving average of $55.11 and a 200 day simple moving average of $52.71. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.55 and a current ratio of 1.55.

Tenable (NASDAQ:TENB – Get Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.21. Tenable had a negative net margin of 10.99% and a negative return on equity of 28.71%. During the same period in the prior year, the company posted ($0.03) earnings per share. As a group, equities analysts forecast that Tenable Holdings, Inc. will post -0.55 earnings per share for the current year.

About Tenable (Get Rating)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

Further Reading