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Tenable Holdings, Inc. (NASDAQ:TENB) Position Boosted by Firetrail Investments PTY Ltd.

Tenable logo with Computer and Technology background

Key Points

  • Firetrail Investments PTY Ltd. increased its stake in Tenable Holdings, Inc. by 3.5%, acquiring an additional 10,741 shares, bringing its total to 315,309 shares valued at approximately $11 million.
  • Insider sales included CEO Mark C. Thurmond and CEO Stephen A. Vintz, who sold 2,483 and 3,386 shares respectively, contributing to a total of 20,815 shares sold by company insiders in the last quarter.
  • Tenable's stock experienced a decline of 1.1% recently, with a current share price of $33.07, despite reporting better-than-expected earnings for the last quarter.
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Firetrail Investments PTY Ltd. boosted its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,309 shares of the company's stock after acquiring an additional 10,741 shares during the quarter. Tenable accounts for approximately 3.2% of Firetrail Investments PTY Ltd.'s portfolio, making the stock its 15th largest holding. Firetrail Investments PTY Ltd. owned about 0.26% of Tenable worth $11,149,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Tenable by 858.2% during 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 period. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Tenable during the fourth quarter valued at approximately $35,000. Byrne Asset Management LLC raised its stake in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after acquiring an additional 727 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Tenable during the 4th quarter valued at approximately $53,000. Finally, Quarry LP raised its position in Tenable by 307.1% during the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock worth $104,000 after buying an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Tenable Stock Down 0.1%

Shares of NASDAQ:TENB traded down $0.04 during trading hours on Monday, hitting $33.17. The company's stock had a trading volume of 842,439 shares, compared to its average volume of 1,359,919. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18. The firm's fifty day moving average price is $32.93 and its 200 day moving average price is $35.28. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -89.64 and a beta of 0.80.

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

Insider Activity at Tenable

In other news, insider Barron Anschutz sold 1,245 shares of the stock in a transaction dated Friday, May 23rd. The shares were 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 $1,851,801.90. This represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark C. Thurmond sold 5,577 shares of the business'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 $178,352.46. Following the transaction, the chief executive officer owned 75,210 shares in the company, valued at approximately $2,405,215.80. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,815 shares of company stock worth $669,797. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on TENB shares. Westpark Capital restated a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. DA Davidson lowered their target price on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Cantor Fitzgerald initiated coverage on Tenable in a research report on Monday, March 31st. They issued an "overweight" rating and a $50.00 price target on the stock. Morgan Stanley lowered their price target on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Barclays raised their target price on shares of Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Tenable presently has an average rating of "Moderate Buy" and a consensus price target of $40.78.

View Our Latest Analysis on TENB

Tenable Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Tenable (NASDAQ:TENB)

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