Illinois Municipal Retirement Fund Invests $660,000 in Tenable Holdings, Inc. (NASDAQ:TENB)

Illinois Municipal Retirement Fund purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,872 shares of the company's stock, valued at approximately $660,000.

Several other institutional investors have also made changes to their positions in TENB. Wells Fargo & Company MN increased its holdings in Tenable by 41.9% in the 4th quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock valued at $2,671,000 after buying an additional 20,031 shares during the period. Invesco Ltd. boosted its position in shares of Tenable by 15.6% during the 4th quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after acquiring an additional 13,655 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Tenable by 64.5% during the 4th quarter. Teacher Retirement System of Texas now owns 23,933 shares of the company's stock worth $942,000 after acquiring an additional 9,385 shares in the last quarter. One68 Global Capital LLC bought a new position in Tenable in the fourth quarter valued at approximately $591,000. Finally, Raymond James Financial Inc. acquired a new position in Tenable during the fourth quarter valued at approximately $2,687,000. 89.06% of the stock is currently owned by institutional investors.

Tenable Trading Up 1.2%

Shares of NASDAQ TENB traded up $0.41 during trading on Thursday, reaching $34.05. The company had a trading volume of 935,626 shares, compared to its average volume of 1,138,076. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.93. The stock has a market cap of $4.16 billion, a P/E ratio of -92.01 and a beta of 0.80. The company's fifty day moving average price is $32.47 and its 200-day moving average price is $36.12.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results 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 return on equity of 3.11% and a negative net margin of 4.86%. The business 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 business posted $0.25 earnings per share. The firm's revenue was up 10.7% on a year-over-year basis. As a group, research analysts expect that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Insider Transactions at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 2,483 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $80,573.35. Following the completion of the sale, the chief executive officer directly owned 72,727 shares in the company, valued at approximately $2,359,991.15. This trade represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen A. Vintz sold 3,386 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total value of $109,875.70. Following the completion of the transaction, the chief executive officer directly owned 328,008 shares in the company, valued at $10,643,859.60. This represents a 1.02% 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 three months. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TENB has been the topic of a number of research analyst reports. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Truist Financial reduced 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. JPMorgan Chase & Co. lowered their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group reduced their price target on shares of Tenable from $45.00 to $37.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Finally, Wells Fargo & Company lowered their price objective on shares of Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.44.

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.