Perigon Wealth Management LLC Purchases New Shares in Tenable Holdings, Inc. (NASDAQ:TENB)

Perigon Wealth Management LLC bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 40,959 shares of the company's stock, valued at approximately $1,887,000.

A number of other institutional investors have also recently added to or reduced their stakes in TENB. Crestwood Advisors Group LLC lifted its position in shares of Tenable by 5.0% in the 2nd quarter. Crestwood Advisors Group LLC now owns 5,249 shares of the company's stock worth $229,000 after purchasing an additional 250 shares during the period. Delphia USA Inc. lifted its position in shares of Tenable by 5.0% in the 4th quarter. Delphia USA Inc. now owns 6,107 shares of the company's stock worth $233,000 after purchasing an additional 290 shares during the period. Verition Fund Management LLC lifted its position in shares of Tenable by 1.4% in the 4th quarter. Verition Fund Management LLC now owns 21,278 shares of the company's stock worth $812,000 after purchasing an additional 292 shares during the period. Metropolitan Life Insurance Co NY lifted its position in shares of Tenable by 4.5% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,923 shares of the company's stock worth $264,000 after purchasing an additional 299 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Tenable by 4.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,160 shares of the company's stock worth $321,000 after purchasing an additional 332 shares during the period. 89.06% of the stock is owned by institutional investors.

Tenable Stock Down 2.8 %

Shares of NASDAQ TENB traded down $1.41 during trading on Friday, hitting $48.51. The stock had a trading volume of 1,154,701 shares, compared to its average volume of 744,784. Tenable Holdings, Inc. has a 12 month low of $33.85 and a 12 month high of $53.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $5.73 billion, a PE ratio of -71.34 and a beta of 0.94. The firm has a fifty day moving average of $48.33 and a two-hundred day moving average of $45.08.

Tenable (NASDAQ:TENB - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The firm had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TENB shares. Westpark Capital upgraded shares of Tenable from a "hold" rating to a "buy" rating and set a $65.00 price target on the stock in a research report on Friday, January 12th. Truist Financial boosted their target price on shares of Tenable from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Morgan Stanley upgraded shares of Tenable from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $46.00 to $60.00 in a research report on Tuesday, January 9th. Wells Fargo & Company upped their price objective on shares of Tenable from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. Finally, Stephens upped their price objective on shares of Tenable from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $56.63.

Insider Activity at Tenable

In related news, CFO Stephen A. Vintz sold 15,505 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.56, for a total transaction of $768,427.80. Following the completion of the transaction, the chief financial officer now owns 257,924 shares in the company, valued at $12,782,713.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Amit Yoran sold 33,201 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $47.90, for a total transaction of $1,590,327.90. Following the completion of the transaction, the chief executive officer now owns 291,532 shares in the company, valued at $13,964,382.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Stephen A. Vintz sold 15,505 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the transaction, the chief financial officer now owns 257,924 shares of the company's stock, valued at approximately $12,782,713.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 351,383 shares of company stock worth $16,650,143. 4.50% of the stock is owned by company insiders.

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.