Cubist Systematic Strategies LLC Buys Shares of 46,589 Tenable Holdings, Inc. (NASDAQ:TENB)

Cubist Systematic Strategies LLC acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 46,589 shares of the company's stock, valued at approximately $1,835,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its stake 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 purchasing an additional 304,237 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Tenable by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after purchasing an additional 708,249 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tenable by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after purchasing an additional 8,746 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Tenable by 6.2% in the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock valued at $91,860,000 after purchasing an additional 137,150 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its position in Tenable by 5.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock worth $64,629,000 after acquiring an additional 84,669 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Insider Buying and Selling at Tenable

In related news, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the transaction, the chief executive officer now directly owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. This represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total transaction of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,128 shares of company stock worth $539,256. Insiders own 1.50% of the company's stock.

Tenable Price Performance

Tenable stock traded down $0.21 during trading hours on Friday, hitting $32.90. 739,722 shares of the stock were exchanged, compared to its average volume of 1,050,761. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $4.02 billion, a P/E ratio of -109.67 and a beta of 0.83. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The business's 50-day moving average is $33.44 and its two-hundred day moving average is $38.16.

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

Analyst Ratings Changes

TENB has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Scotiabank cut their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, DA Davidson cut their price objective on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.44.

About Tenable

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.