Raymond James Financial Inc. Invests $2.69 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

Raymond James Financial Inc. bought a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 68,237 shares of the company's stock, valued at approximately $2,687,000. Raymond James Financial Inc. owned about 0.06% of Tenable at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TENB. Larson Financial Group LLC grew its position in shares of Tenable by 658.6% in the third quarter. Larson Financial Group LLC now owns 751 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Tenable in the 4th quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its position in Tenable by 74.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after buying an additional 1,172 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after buying an additional 657 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Tenable in the fourth quarter valued at approximately $126,000. Institutional investors own 89.06% of the company's stock.

Tenable Stock Down 0.0 %

Shares of NASDAQ TENB traded down $0.01 during mid-day trading on Wednesday, reaching $35.16. 891,519 shares of the company's stock were exchanged, compared to its average volume of 956,641. Tenable Holdings, Inc. has a twelve month low of $33.84 and a twelve month high of $50.07. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of -117.20 and a beta of 0.87. The business has a fifty day simple moving average of $38.77 and a 200 day simple moving average of $40.24.

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Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. As a group, equities analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial cut their target price on shares of Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research note on Monday. Cantor Fitzgerald assumed coverage on shares of Tenable in a research note on Monday. They issued an "overweight" rating and a $50.00 target price for the company. Scotiabank boosted their price target on Tenable from $44.00 to $45.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Barclays lifted their price objective on Tenable from $45.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Stephens assumed coverage on Tenable in a research note on Tuesday. They issued an "equal weight" rating and a $42.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $47.76.

Insider Buying and Selling

In related news, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 353 shares in the company, valued at approximately $13,061. This represents a 87.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raymond Jr. Vicks sold 809 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $38.52, for a total transaction of $31,162.68. Following the completion of the transaction, the director now directly owns 8,659 shares of the company's stock, valued at approximately $333,544.68. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,937 shares of company stock valued at $570,418. Company insiders own 4.30% of the company's stock.

Tenable 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.