Bokf Na Buys 2,164 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Bokf Na raised its position in Tenable Holdings, Inc. (NASDAQ:TENB) by 6.2% in the first quarter, HoldingsChannel reports. The fund owned 37,305 shares of the company’s stock after purchasing an additional 2,164 shares during the quarter. Bokf Na’s holdings in Tenable were worth $1,841,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. grew its holdings in Tenable by 3.5% during the fourth quarter. Xponance Inc. now owns 6,939 shares of the company’s stock worth $320,000 after buying an additional 232 shares in the last quarter. Fulton Bank N.A. grew its holdings in Tenable by 4.1% during the first quarter. Fulton Bank N.A. now owns 7,576 shares of the company’s stock worth $374,000 after buying an additional 295 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings 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 in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Tenable by 0.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 121,194 shares of the company’s stock worth $5,582,000 after buying an additional 474 shares in the last quarter. Finally, American International Group Inc. grew its holdings in Tenable by 1.0% during the first quarter. American International Group Inc. now owns 57,385 shares of the company’s stock worth $2,837,000 after buying an additional 592 shares in the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Buying and Selling

In related news, COO Mark C. Thurmond sold 949 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total transaction of $41,727.53. Following the sale, the chief operating officer now owns 32,906 shares of the company’s stock, valued at approximately $1,446,876.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Linda Kay Zecher sold 2,350 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $43.47, for a total transaction of $102,154.50. Following the sale, the director now owns 2,853 shares of the company’s stock, valued at approximately $124,019.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mark C. Thurmond sold 949 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total value of $41,727.53. Following the sale, the chief operating officer now directly owns 32,906 shares in the company, valued at approximately $1,446,876.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,132 shares of company stock valued at $1,049,183. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TENB. Needham & Company LLC reiterated a “buy” rating and set a $62.00 price target on shares of Tenable in a report on Friday, June 14th. Baird R W upgraded Tenable to a “strong-buy” rating in a research note on Monday, July 15th. Wedbush restated an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a research note on Thursday, May 2nd. Scotiabank began coverage on Tenable in a research note on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price objective for the company. Finally, Robert W. Baird began coverage on Tenable in a research note on Monday, July 15th. They issued an “outperform” rating and a $55.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tenable currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.40.

Tenable Stock Performance

Shares of TENB stock traded up $0.30 on Friday, hitting $43.20. 671,157 shares of the stock were exchanged, compared to its average volume of 726,520. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $5.14 billion, a PE ratio of -74.48 and a beta of 0.86. Tenable Holdings, Inc. has a one year low of $33.85 and a one year high of $53.50. The firm’s 50 day moving average is $42.34 and its two-hundred day moving average is $45.54.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $215.96 million for the quarter, compared to analysts’ expectations of $213.56 million. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. Sell-side analysts expect that Tenable Holdings, Inc. will post -0.14 earnings per share for the current fiscal year.

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.