Tenable Holdings, Inc. $TENB Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought a new 50,252-share stake in Tenable during the third quarter, worth about $1.83 million. Institutional investors and hedge funds own 89.06% of the company’s shares.
• Tenable reported quarterly EPS of $0.63, beating the $0.51 consensus, and revenue of $276.39 million, ahead of estimates and up 9.5% year over year.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $46.25 average price target. Company insiders sold 26,390 shares worth about $1.31 million over the past 90 days.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,252 shares of the company's stock, valued at approximately $1,829,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vise Technologies Inc. lifted its position in Tenable by 25.2% in the 3rd quarter. Vise Technologies Inc. now owns 23,516 shares of the company's stock valued at $856,000 after purchasing an additional 4,735 shares during the last quarter. Arta Finance Wealth Management LLC purchased a new stake in shares of Tenable in the 3rd quarter valued at approximately $222,000. Hanseatic Management Services Inc. purchased a new position in Tenable during the 3rd quarter valued at about $1,095,000. Pinnacle Wealth Planning Services Inc. grew its stake in Tenable by 1,021.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company's stock valued at $66,000 after acquiring an additional 1,654 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Tenable by 804.5% in the 3rd quarter. Sterling Capital Management LLC now owns 3,654 shares of the company's stock valued at $133,000 after purchasing an additional 3,250 shares during the period. Institutional investors and hedge funds own 89.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TENB. Scotiabank reissued an "outperform" rating and issued a $60.00 price target on shares of Tenable in a research report on Thursday, October 29th. Susquehanna boosted their price objective on shares of Tenable from $36.00 to $55.00 and gave the company a "positive" rating in a research report on Thursday, October 29th. Needham & Company LLC upped their price objective on shares of Tenable from $36.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Wedbush increased their target price on shares of Tenable from $29.00 to $35.00 and gave the stock an "underperform" rating in a research report on Thursday, October 29th. Finally, Yorkville Ives began coverage on shares of Tenable in a research note on Tuesday, October 6th. They set an "outperform" rating and a $45.00 target price for the company. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.25.

Insider Buying and Selling at Tenable

In related news, CAO Barron Anschutz sold 10,000 shares of Tenable stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $51.00, for a total value of $510,000.00. Following the completion of the sale, the chief accounting officer owned 66,077 shares of the company's stock, valued at approximately $3,369,927. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Brooke Seawell sold 15,000 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $50.33, for a total transaction of $754,950.00. Following the completion of the sale, the director owned 115,292 shares of the company's stock, valued at $5,802,646.36. This represents a 11.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 26,390 shares of company stock valued at $1,314,446. 1.70% of the stock is owned by company insiders.

Tenable Trading Down 4.6%

NASDAQ:TENB opened at $42.13 on Friday. The stock's 50 day moving average price is $39.14 and its 200 day moving average price is $29.36. Tenable Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $53.22. The company has a market capitalization of $4.40 billion, a P/E ratio of 324.10 and a beta of 0.89. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.79 and a current ratio of 1.04.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.12. The firm had revenue of $276.39 million during the quarter, compared to analysts' expectations of $271.58 million. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. On average, research analysts forecast that Tenable Holdings, Inc. will post 0.58 EPS for the current fiscal year.

Tenable Company Profile

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company's product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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