First Republic Investment Management Inc. purchased a new stake in Tenable Holdings Inc (NASDAQ:TENB) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 21,344 shares of the company’s stock, valued at approximately $676,000.
Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in Tenable by 1,743.0% in the 4th quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock worth $41,000 after acquiring an additional 1,743 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Tenable by 193.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock worth $89,000 after acquiring an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Tenable in the 3rd quarter worth about $113,000. GSA Capital Partners LLP purchased a new stake in Tenable in the 4th quarter worth about $201,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Tenable in the 1st quarter worth about $205,000. Institutional investors and hedge funds own 42.25% of the company’s stock.
TENB opened at $28.51 on Thursday. Tenable Holdings Inc has a fifty-two week low of $20.00 and a fifty-two week high of $39.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.60 and a quick ratio of 1.56. The stock has a market cap of $2.63 billion and a PE ratio of -20.96.
In related news, CEO Amit Yoran sold 4,710 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $32.17, for a total value of $151,520.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen A. Vintz sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.77, for a total value of $2,532,750.00. The disclosure for this sale can be found here. Insiders sold a total of 439,513 shares of company stock worth $14,205,259 over the last three months. 31.90% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on the company. Wedbush reissued a “buy” rating and issued a $44.00 price objective on shares of Tenable in a research note on Tuesday. Zacks Investment Research raised Tenable from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Saturday, May 4th. Finally, Summit Insights assumed coverage on Tenable in a research note on Monday, February 11th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $38.29.
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Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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