D. E. Shaw & Co. Inc. Acquires Shares of 270,221 Tenable Holdings, Inc. (NASDAQ:TENB)

D. E. Shaw & Co. Inc. purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after purchasing an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Tenable during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in Tenable during the 4th quarter worth approximately $38,000. Johnson Financial Group Inc. purchased a new stake in Tenable during the 4th quarter worth approximately $53,000. Finally, Larson Financial Group LLC increased its stake in Tenable by 89.9% during the 4th 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. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Trading Down 0.6%

TENB traded down $0.21 during trading hours on Friday, reaching $32.90. The company's stock had a trading volume of 739,722 shares, compared to its average volume of 1,050,761. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The stock has a market cap of $4.02 billion, a PE ratio of -109.67 and a beta of 0.83. The business's 50-day moving average is $33.44 and its 200-day moving average is $38.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28.

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

Insider Activity

In related news, CEO Mark C. Thurmond sold 1,341 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.56, for a total value of $53,049.96. Following the transaction, the chief executive officer now owns 41,266 shares of the company's stock, valued at $1,632,482.96. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction 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 transaction, 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. Over the last three months, insiders have sold 14,128 shares of company stock worth $539,256. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

TENB has been the subject of several research reports. Wells Fargo & Company cut their price objective on Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group cut their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Truist Financial cut their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Scotiabank cut their price objective on Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Finally, Needham & Company LLC cut their price objective on Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.