Algert Global LLC Acquires 101,718 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Algert Global LLC increased its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 290.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,734 shares of the company's stock after buying an additional 101,718 shares during the period. Algert Global LLC owned 0.11% of Tenable worth $5,385,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Tenable in the fourth quarter valued at approximately $54,950,000. Vanguard Group Inc. grew its position in 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 period. Assenagon Asset Management S.A. bought a new stake in Tenable during the 4th quarter valued at $15,653,000. Alyeska Investment Group L.P. raised its holdings in Tenable by 904.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock worth $16,427,000 after buying an additional 375,581 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Tenable by 2.0% in the fourth 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 in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Mark C. Thurmond sold 1,341 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total transaction of $53,049.96. Following the completion of the transaction, the chief executive officer now owns 41,266 shares of the company's stock, valued at approximately $1,632,482.96. The trade was a 3.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Kay Zecher sold 2,500 shares of the company's stock in a transaction that occurred on 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 directly owns 353 shares in the company, valued at $13,061. This trade represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,128 shares of company stock valued at $539,256. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. DA Davidson dropped their price objective on Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group dropped their price target on shares of Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Finally, Robert W. Baird reduced their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $40.44.

Tenable Stock Performance

NASDAQ:TENB traded up $0.71 on Thursday, reaching $32.01. 3,267,045 shares of the company's stock were exchanged, compared to its average volume of 1,026,525. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of -106.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a fifty day simple moving average of $34.07 and a 200-day simple moving average of $38.60. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18.

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

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.