GAMMA Investing LLC Boosts Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

GAMMA Investing LLC boosted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5,032.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,214 shares of the company's stock after acquiring an additional 10,015 shares during the quarter. GAMMA Investing LLC's holdings in Tenable were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after purchasing an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Tenable during the 4th quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable in the 4th quarter worth $38,000. Johnson Financial Group Inc. acquired a new stake in shares of Tenable in the 4th quarter worth $53,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Tenable by 89.9% in the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock valued at $56,000 after acquiring an additional 675 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Tenable Price Performance

TENB stock traded up $0.04 on Tuesday, reaching $33.51. The company had a trading volume of 2,968,585 shares, compared to its average volume of 1,119,778. The company's fifty day moving average is $32.21 and its 200 day moving average is $36.48. The company has a market cap of $4.09 billion, a P/E ratio of -90.57 and a beta of 0.79. 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 Holdings, Inc. has a 1 year low of $28.75 and a 1 year high of $49.18.

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, beating the consensus estimate of $0.28 by $0.08. The business 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 business's revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share. On average, research analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TENB shares. Robert W. Baird reduced their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC cut their target price on Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Jefferies Financial Group dropped their price objective on Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Finally, UBS Group reduced their target price on Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.44.

Insider Transactions at Tenable

In other news, CEO Stephen A. Vintz sold 3,386 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $109,875.70. Following the transaction, the chief executive officer now directly owns 328,008 shares in the company, valued at $10,643,859.60. This represents a 1.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Barron Anschutz sold 1,245 shares of the firm's stock in a transaction that occurred on 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 now directly owns 57,905 shares in the company, valued at $1,851,801.90. This represents a 2.10% 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 worth $637,709 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

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.