Top 5 Stocks to Buy Today According to Stephen Perkins’ Toronado Partners

4. Tenable Holdings, Inc. (NASDAQ: TENB)

Perkins’ Stake Value: $39,152,000
Percentage of Stephen Perkins’ 13F Portfolio: 11.41%
Number of Hedge Fund Holders: 33

Tenable Holdings, Inc. (NASDAQ: TENB) provides cyber exposure solutions. It was incorporated in 2002 and stands fourth on the list of top 10 stocks to buy today according to Stephen Perkins’ Toronado Partners. Tenable Holdings, Inc. (NASDAQ: TENB) shares have offered investors more than 25.61% in returns over the past 12 months. 

On August 25, FBN Securities analyst Shebly Seyrafi initiated coverage of Tenable Holdings, Inc. (NASDAQ: TENB) with an “Outperform” rating and gave a price target of $60. On July 30, Tenable Holdings, Inc. (NASDAQ: TENB) declared earnings for the second quarter of 2021. It reported earnings per share of $0.09, beating the analysts’ expectations by $0.04. Revenue for the second quarter was $130.26 million, surpassing the market expectations by $4.73 million. 

The hedge fund managed by Stephen Perkins owns 946,832 shares in Tenable Holdings, Inc. (NASDAQ: TENB), worth over $39.15 million, representing 11.41% of their portfolio. Toronado Partners has increased its stake in the firm by 4% in the second quarter of 2021. Trinity Industries, Inc. (NYSE: TRN) saw an increase in hedge fund sentiment recently. The number of long hedge fund positions increased to 33 in the second quarter of 2021, compared to 32 positions in the previous quarter.