GAMMA Investing LLC Buys 10,015 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

GAMMA Investing LLC raised its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 5,032.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,214 shares of the company's stock after acquiring an additional 10,015 shares during the period. GAMMA Investing LLC's holdings in Tenable were worth $357,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TENB. Norges Bank bought a new position in Tenable during the 4th quarter valued at about $54,950,000. Shapiro Capital Management LLC increased its holdings in shares of Tenable by 647.5% during the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock worth $41,745,000 after buying an additional 918,235 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tenable by 5.3% in 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. Alyeska Investment Group L.P. boosted its holdings in shares of Tenable by 904.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock worth $16,427,000 after acquiring an additional 375,581 shares in the last quarter. Finally, FMR LLC increased its holdings in Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after purchasing an additional 304,237 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Stephen A. Vintz sold 6,499 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $207,838.02. Following the completion of the sale, the chief executive officer now owns 331,394 shares of the company's stock, valued at approximately $10,597,980.12. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Barron Anschutz sold 1,245 shares of the company's 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 completion of the transaction, the insider now owns 57,905 shares in the company, 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. Insiders sold 19,845 shares of company stock worth $637,709 over the last three months. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on TENB shares. Cantor Fitzgerald assumed coverage on shares of Tenable in a research note on Monday, March 31st. They set an "overweight" rating and a $50.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Westpark Capital reissued a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Scotiabank decreased their target price on Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Finally, Barclays lowered their price target on Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.44.

Tenable Stock Down 1.4%

NASDAQ:TENB opened at $32.29 on Friday. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of -87.27 and a beta of 0.79. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.93. Tenable Holdings, Inc. has a twelve month low of $28.75 and a twelve month high of $49.18. The stock's 50 day moving average price is $32.20 and its two-hundred day moving average price is $36.63.

Tenable (NASDAQ:TENB - Get Free Report) last issued 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. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The company had revenue of $239.14 million for the quarter, compared to analysts' expectations of $234.12 million. During the same period in the prior year, the firm earned $0.25 EPS. Tenable's quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.

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