Paloma Partners Management Co Has $1.58 Million Stock Position in Tenable Holdings, Inc. (NASDAQ:TENB)

Paloma Partners Management Co lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 540.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,000 shares of the company’s stock after purchasing an additional 33,757 shares during the quarter. Paloma Partners Management Co’s holdings in Tenable were worth $1,575,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Tenable in the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in Tenable in the fourth quarter valued at about $38,000. Johnson Financial Group Inc. acquired a new stake in Tenable in the fourth quarter valued at about $53,000. Finally, Larson Financial Group LLC boosted its stake in Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company’s stock valued at $56,000 after buying an additional 675 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 3,606 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $38.48, for a total transaction of $138,758.88. Following the completion of the sale, the chief executive officer now owns 74,295 shares in the company, valued at approximately $2,858,871.60. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total transaction of $92,500.00. Following the sale, the director now owns 353 shares of the company’s stock, valued at $13,061. This trade represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,128 shares of company stock valued at $539,256 over the last 90 days. Insiders own 1.50% of the company’s stock.

Tenable Trading Up 0.4 %

Shares of TENB stock opened at $33.11 on Tuesday. The company has a market cap of $3.98 billion, a P/E ratio of -110.37 and a beta of 0.88. The stock has a 50 day simple moving average of $35.04 and a two-hundred day simple moving average of $39.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. Tenable Holdings, Inc. has a fifty-two week low of $29.99 and a fifty-two week high of $49.18.

Tenable (NASDAQ:TENB) last released its quarterly earnings data 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 net margin of 4.03% and a negative return on equity of 2.07%. Research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays reduced their price objective on Tenable from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Truist Financial reduced their price objective on Tenable from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. UBS Group cut their price target on Tenable from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on Tenable from $53.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group cut their price target on Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.53.

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.