50,252 Shares in Tenable Holdings, Inc. $TENB Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 50,252 shares of the company’s stock, valued at approximately $1,829,000.

A number of other institutional investors also recently modified their holdings of the company. Vise Technologies Inc. boosted its holdings in shares of Tenable by 25.2% during the 3rd quarter. Vise Technologies Inc. now owns 23,516 shares of the company’s stock worth $856,000 after buying an additional 4,735 shares during the period. Arta Finance Wealth Management LLC acquired a new position in Tenable in the 3rd quarter valued at $222,000. Hanseatic Management Services Inc. acquired a new position in Tenable in the 3rd quarter valued at $1,095,000. Pinnacle Wealth Planning Services Inc. raised its holdings in Tenable by 1,021.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company’s stock worth $66,000 after acquiring an additional 1,654 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in Tenable by 804.5% in the 3rd quarter. Sterling Capital Management LLC now owns 3,654 shares of the company’s stock worth $133,000 after acquiring an additional 3,250 shares during the period. Institutional investors own 89.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director A. Brooke Seawell sold 15,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $50.33, for a total transaction of $754,950.00. Following the transaction, the director owned 115,292 shares in the company, valued at approximately $5,802,646.36. The trade was a 11.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Barron Anschutz sold 10,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. Following the transaction, the chief accounting officer directly owned 66,077 shares of the company’s stock, valued at $3,369,927. This represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,390 shares of company stock valued at $1,314,446. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of Tenable from $36.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Canaccord Genuity Group raised their price target on Tenable from $36.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Yorkville Ives assumed coverage on Tenable in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $45.00 price target on the stock. Wall Street Zen upgraded Tenable from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Tenable from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.25.

Tenable Stock Down 4.6%

TENB opened at $42.13 on Friday. Tenable Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $53.22. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 324.10 and a beta of 0.89. The business has a 50 day moving average of $39.14 and a 200-day moving average of $29.36.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The business had revenue of $276.39 million for the quarter, compared to the consensus estimate of $271.58 million. During the same quarter last year, the company posted $0.42 earnings per share. Tenable’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Tenable Holdings, Inc. will post 0.58 earnings per share for the current year.

About Tenable

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.