Sanders Morris Harris LLC Invests $4.81 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

Sanders Morris Harris LLC purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 118,754 shares of the company's stock, valued at approximately $4,812,000. Tenable makes up 0.8% of Sanders Morris Harris LLC's investment portfolio, making the stock its 19th largest position. Sanders Morris Harris LLC owned 0.10% of Tenable as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TENB. Quest Partners LLC acquired a new stake in Tenable in the second quarter valued at approximately $40,000. Fidelis Capital Partners LLC bought a new stake in Tenable in the first quarter worth $58,000. Allspring Global Investments Holdings LLC increased its position in Tenable by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,708 shares of the company's stock worth $183,000 after buying an additional 312 shares during the last quarter. Truvestments Capital LLC acquired a new position in Tenable during the first quarter worth $189,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Tenable during the second quarter valued at about $200,000. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Amit Yoran sold 40,000 shares of the business's stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $47.72, for a total value of $1,908,800.00. Following the sale, the chief executive officer now owns 387,356 shares of the company's stock, valued at $18,484,628.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tenable news, CEO Amit Yoran sold 40,000 shares of the company's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $47.72, for a total transaction of $1,908,800.00. Following the sale, the chief executive officer now directly owns 387,356 shares of the company's stock, valued at approximately $18,484,628.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the transaction, the chief operating officer now owns 34,079 shares of the company's stock, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,469 shares of company stock worth $2,429,076. Company insiders own 4.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Westpark Capital lowered Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 1st. Stifel Nicolaus dropped their price target on shares of Tenable from $54.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Barclays reduced their price objective on shares of Tenable from $57.00 to $49.00 and set an "equal weight" rating for the company in a research note on Thursday, August 1st. Truist Financial reiterated a "buy" rating and issued a $55.00 target price (down from $60.00) on shares of Tenable in a research note on Thursday, August 1st. Finally, Baird R W raised shares of Tenable to a "strong-buy" rating in a research report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Tenable presently has a consensus rating of "Moderate Buy" and an average target price of $52.67.

Tenable Stock Performance

Shares of NASDAQ:TENB traded up $0.87 during trading on Thursday, hitting $42.46. 718,835 shares of the stock were exchanged, compared to its average volume of 918,600. The company's fifty day simple moving average is $40.69 and its 200-day simple moving average is $42.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of -73.21 and a beta of 0.83. Tenable Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $53.50.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. Tenable had a negative net margin of 7.77% and a negative return on equity of 7.63%. The firm had revenue of $221.24 million for the quarter, compared to analyst estimates of $218.41 million. Sell-side analysts expect that Tenable Holdings, Inc. will post -0.06 EPS for the current fiscal year.

Tenable Company Profile

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.