Oppenheimer & Co. Inc. Has $233,000 Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Posted by Defense World Staff on Feb 27th, 2023

Oppenheimer & Co. Inc. grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB – Get Rating) by 20.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,700 shares of the company’s stock after acquiring an additional 1,150 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Tenable were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fairfield Bush & CO. bought a new position in shares of Tenable during the 1st quarter worth about $237,000. JPMorgan Chase & Co. increased its position in shares of Tenable by 73.7% during the first quarter. JPMorgan Chase & Co. now owns 140,170 shares of the company’s stock valued at $8,101,000 after purchasing an additional 59,482 shares during the period. Raymond James & Associates raised its stake in shares of Tenable by 61.7% in the first quarter. Raymond James & Associates now owns 10,208 shares of the company’s stock valued at $590,000 after purchasing an additional 3,896 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Tenable during the first quarter worth $207,000. Finally, MetLife Investment Management LLC increased its holdings in Tenable by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 50,007 shares of the company’s stock valued at $2,890,000 after buying an additional 17,830 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analysts Set New Price Targets

TENB has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Tenable from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Barclays increased their target price on Tenable from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. DA Davidson boosted their price target on Tenable from $47.00 to $54.00 in a research note on Wednesday, February 8th. Needham & Company LLC increased their price objective on Tenable from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Tenable in a research note on Tuesday, January 24th. They issued a “neutral” rating and a $44.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.31.

Tenable Stock Down 0.5 %

Shares of TENB opened at $43.53 on Monday. The business’s fifty day moving average price is $40.21 and its two-hundred day moving average price is $38.58. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -52.45 and a beta of 1.27. Tenable Holdings, Inc. has a 52 week low of $28.80 and a 52 week high of $63.61. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.51 and a current ratio of 1.51.

Tenable (NASDAQ:TENB – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Tenable had a negative return on equity of 31.69% and a negative net margin of 13.50%. The firm had revenue of $184.63 million during the quarter, compared to analyst estimates of $181.62 million. On average, analysts predict that Tenable Holdings, Inc. will post -0.53 earnings per share for the current year.

Insider Buying and Selling

In other Tenable news, CFO Stephen A. Vintz sold 1,964 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $42.88, for a total value of $84,216.32. Following the transaction, the chief financial officer now directly owns 167,057 shares of the company’s stock, valued at $7,163,404.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Tenable news, Director Linda Kay Zecher sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $44.24, for a total transaction of $309,680.00. Following the transaction, the director now owns 5,922 shares in the company, valued at $261,989.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Stephen A. Vintz sold 1,964 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $42.88, for a total value of $84,216.32. Following the completion of the sale, the chief financial officer now directly owns 167,057 shares of the company’s stock, valued at $7,163,404.16. The disclosure for this sale can be found here. Insiders sold a total of 23,635 shares of company stock valued at $1,022,036 over the last ninety days. Insiders own 4.80% of the company’s stock.

Tenable Company Profile

(Get Rating)

Tenable Holdings, Inc engages in the development of security software solutions. It offers Cyber Exposure which is a discipline for managing and measuring cybersecurity risk in the digital era. Its products include tenable.io, tenable.sc, tenable.ot, and nessus professional. The firm delivers solutions in the field of application security, cloud security, compliance, energy, finance, healthcare, and retail.