Bryce Point Capital LLC Invests $1.37 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

Bryce Point Capital LLC purchased a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,698 shares of the company’s stock, valued at approximately $1,366,000.

Several other institutional investors have also added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tenable by 858.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Tenable during the fourth quarter valued at $38,000. Larson Financial Group LLC grew its stake in shares of Tenable by 89.9% in the 4th quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock worth $56,000 after buying an additional 675 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of 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 last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Tenable by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,823 shares of the company’s stock valued at $111,000 after buying an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Tenable Trading Up 0.5 %

NASDAQ TENB opened at $35.17 on Wednesday. The company has a fifty day moving average of $38.91 and a 200 day moving average of $40.28. The company has a market capitalization of $4.23 billion, a PE ratio of -117.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. Tenable Holdings, Inc. has a 1 year low of $33.84 and a 1 year high of $50.07.

Tenable (NASDAQ:TENB) last posted 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%. Research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on TENB shares. Jefferies Financial Group dropped their price target on Tenable from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday. Barclays raised their price objective on shares of Tenable from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Cantor Fitzgerald initiated coverage on Tenable in a research note on Monday. They set an “overweight” rating and a $50.00 price target for the company. Stephens initiated coverage on Tenable in a research report on Tuesday. They issued an “equal weight” rating and a $42.00 price objective on the stock. Finally, Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $45.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.76.

Insider Activity at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the company’s stock in a transaction dated 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 $13,061. This represents a 87.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,937 shares of company stock worth $570,418. 4.30% of the stock is owned by company insiders.

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.