Alyeska Investment Group L.P. Raises Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Alyeska Investment Group L.P. increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 904.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 417,128 shares of the company's stock after buying an additional 375,581 shares during the period. Alyeska Investment Group L.P. owned 0.35% of Tenable worth $16,427,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Tenable by 858.2% during the fourth 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Tenable in the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Tenable in the fourth quarter worth $38,000. Johnson Financial Group Inc. bought a new stake in Tenable during the fourth quarter valued at $53,000. Finally, Larson Financial Group LLC grew its position in Tenable by 89.9% during the fourth 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. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tenable

In other news, CEO Mark C. Thurmond sold 1,341 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 directly owns 41,266 shares of the company's stock, valued at $1,632,482.96. This represents a 3.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on 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 sale, the director now directly owns 353 shares in the company, valued at $13,061. This represents a 87.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock worth $539,256 in the last 90 days. Corporate insiders own 1.50% of the company's stock.

Tenable Stock Performance

Tenable stock traded down $0.26 during midday trading on Friday, hitting $31.75. 2,557,978 shares of the company were exchanged, compared to its average volume of 1,036,311. The business has a fifty day simple moving average of $33.83 and a two-hundred day simple moving average of $38.45. 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 firm has a market capitalization of $3.88 billion, a PE ratio of -105.83 and a beta of 0.83. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TENB shares. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Stephens cut shares of Tenable from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group cut their target price on shares of Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC lowered their price target on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald started coverage on Tenable in a report on Monday, March 31st. They issued an "overweight" rating and a $50.00 price objective for the company. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.