Tenable Holdings, Inc. (NASDAQ:TENB) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC raised its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 1,543.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,908 shares of the company's stock after buying an additional 74,108 shares during the period. Aquatic Capital Management LLC owned about 0.07% of Tenable worth $3,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TENB. Norges Bank purchased a new position in Tenable in the fourth quarter valued at $54,950,000. Vanguard Group Inc. increased its holdings in Tenable by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after buying an additional 708,249 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Tenable in the fourth quarter valued at $15,653,000. FMR LLC grew its position 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 purchasing an additional 304,237 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Tenable in the fourth quarter valued at about $11,170,000. Hedge funds and other institutional investors own 89.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TENB. Cantor Fitzgerald began coverage on shares of Tenable in a research report on Monday, March 31st. They issued an "overweight" rating and a $50.00 target price on the stock. Barclays dropped their target price on shares of Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday. DA Davidson dropped their target price on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group dropped their target price 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. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.74.

Insider Transactions at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the transaction, the director now directly owns 353 shares in the company, valued at approximately $13,061. This trade represents a 87.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark C. Thurmond sold 1,341 shares of Tenable stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.56, for a total value 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. This trade represents a 3.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,128 shares of company stock worth $539,256 over the last ninety days. Company insiders own 1.50% of the company's stock.

Tenable Trading Up 0.6 %

Shares of TENB stock traded up $0.17 during trading hours on Thursday, hitting $30.74. The company had a trading volume of 2,434,102 shares, compared to its average volume of 1,005,628. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. 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 company's fifty day moving average is $34.79 and its 200 day moving average is $38.99. The stock has a market capitalization of $3.69 billion, a PE ratio of -102.47 and a beta of 0.88.

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