D. E. Shaw & Co. Inc. Acquires New Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

D. E. Shaw & Co. Inc. acquired a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 270,221 shares of the company's stock, valued at approximately $10,641,000. D. E. Shaw & Co. Inc. owned approximately 0.22% of Tenable as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in Tenable by 2.0% during 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 in the last quarter. Vanguard Group Inc. increased its holdings 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 worth $549,234,000 after purchasing an additional 708,249 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tenable by 0.3% during the fourth 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 in the last quarter. First Trust Advisors LP raised its position in Tenable by 6.2% in the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock worth $91,860,000 after buying an additional 137,150 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its position in Tenable by 5.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock valued at $64,629,000 after purchasing an additional 84,669 shares during the period. 89.06% of the stock is currently owned by institutional investors.

Insider Activity

In other Tenable 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 sale, the chief executive officer now directly owns 41,266 shares in the company, valued at $1,632,482.96. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Linda Kay Zecher sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total value of $92,500.00. Following the completion of the sale, the director now directly owns 353 shares of the company's stock, valued at $13,061. The trade was a 87.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,128 shares of company stock worth $539,256. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TENB. UBS Group decreased their target price on shares of Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley reduced their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC lowered their target price on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, DA Davidson decreased their price objective on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Tenable Price Performance

NASDAQ:TENB traded up $0.14 during trading hours on Tuesday, reaching $32.79. The stock had a trading volume of 196,961 shares, compared to its average volume of 1,254,876. The stock has a market capitalization of $4.01 billion, a PE ratio of -109.30 and a beta of 0.83. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18. The company has a 50 day moving average price of $33.37 and a two-hundred day moving average price of $38.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results 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. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. The company had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. Tenable's quarterly revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate 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.