73,563 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 73,563 shares of the company's stock, valued at approximately $2,573,000. Y Intercept Hong Kong Ltd owned about 0.06% of Tenable at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TENB. 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 during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Tenable in the 4th quarter valued at $35,000. Byrne Asset Management LLC increased its stake in shares of Tenable by 115.4% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after purchasing an additional 727 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Tenable in the 4th quarter valued at $53,000. Finally, Quarry LP increased its stake in shares of Tenable by 307.1% in the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock valued at $104,000 after purchasing an additional 1,999 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Insider Activity

In related news, CEO Stephen A. Vintz sold 6,499 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $207,838.02. Following the sale, the chief executive officer directly owned 331,394 shares of the company's stock, valued at $10,597,980.12. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Barron Anschutz sold 1,245 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $39,815.10. Following the completion of the sale, the insider owned 57,905 shares of the company's stock, valued at $1,851,801.90. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,815 shares of company stock valued at $669,797. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TENB has been the topic of several recent research reports. Scotiabank cut their target price on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Stephens downgraded Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Jefferies Financial Group cut their target price on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Truist Financial dropped their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Morgan Stanley dropped their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.78.

Tenable Trading Up 0.5%

NASDAQ:TENB opened at $33.47 on Wednesday. The company has a market cap of $4.09 billion, a P/E ratio of -90.46 and a beta of 0.80. The stock's fifty day moving average price is $32.92 and its two-hundred day moving average price is $35.45. Tenable Holdings, Inc. has a 1 year low of $28.75 and a 1 year high of $49.18. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. The company had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative return on equity of 3.11% and a negative net margin of 4.86%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. As a group, analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current year.

Tenable 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.

Want to see what other hedge funds are holding TENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenable Holdings, Inc. (NASDAQ:TENB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.