Caas Capital Management LP Makes New Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Caas Capital Management LP bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,600 shares of the company's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock worth $610,987,000 after acquiring an additional 304,237 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock worth $549,234,000 after acquiring an additional 708,249 shares in the last quarter. Geode Capital Management LLC increased its position in Tenable by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock worth $110,416,000 after buying an additional 8,746 shares during the period. First Trust Advisors LP increased its position in Tenable by 6.2% during the fourth 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 period. Finally, Penserra Capital Management LLC increased its position in Tenable by 47.6% during the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock worth $59,031,000 after buying an additional 544,375 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tenable

In related news, insider Barron Anschutz sold 1,245 shares of the 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 transaction, the insider directly owned 57,905 shares in the company, valued at approximately $1,851,801.90. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen A. Vintz sold 6,499 shares of the 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 transaction, the chief executive officer owned 331,394 shares in the company, valued at $10,597,980.12. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,845 shares of company stock valued at $637,709 over the last three months. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TENB shares. DA Davidson cut their price target on Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. UBS Group lowered their target price on Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. 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 note on Wednesday, April 30th. Stifel Nicolaus lowered their target price on Tenable from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Morgan Stanley lowered their target price 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 investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.

Tenable Price Performance

TENB stock traded down $1.79 during midday trading on Friday, hitting $32.56. 1,338,784 shares of the stock were exchanged, compared to its average volume of 1,167,278. The stock's 50-day moving average price is $32.77 and its 200-day moving average price is $35.78. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -88.00 and a beta of 0.80. 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 0.93, a quick ratio of 1.04 and a current ratio of 1.04.

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

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.