One68 Global Capital LLC Takes $591,000 Position in Tenable Holdings, Inc. (NASDAQ:TENB)

One68 Global Capital LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Tenable in the 4th quarter worth $54,950,000. Vanguard Group Inc. raised its holdings in Tenable by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company’s stock worth $549,234,000 after acquiring an additional 708,249 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Tenable in the fourth quarter valued at approximately $15,653,000. FMR LLC boosted its holdings in shares of Tenable by 2.0% in the 4th quarter. FMR LLC now owns 15,515,164 shares of the company’s stock valued at $610,987,000 after buying an additional 304,237 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Tenable in the fourth quarter valued at $11,170,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Insider Transactions at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark C. Thurmond sold 3,606 shares of the business’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 directly owns 74,295 shares of the company’s stock, valued at approximately $2,858,871.60. This trade represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TENB has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Tenable in a research report on Thursday, February 6th. Jefferies Financial Group lowered their price target on shares of Tenable from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. reduced their price target on Tenable from $53.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley dropped their target price on Tenable from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Stifel Nicolaus lowered shares of Tenable from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.53.

Tenable Stock Performance

NASDAQ TENB opened at $33.68 on Wednesday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -112.27 and a beta of 0.88. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $34.95 and a 200-day moving average price of $39.05. Tenable Holdings, Inc. has a twelve month low of $27.18 and a twelve month high of $49.18.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $239.14 million for the quarter, compared to analysts’ expectations of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. As a group, equities research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Tenable Company 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.