MQS Management LLC Purchases New Position in Tenable Holdings, Inc. (NASDAQ:TENB)

MQS Management LLC purchased a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,628 shares of the company's stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TENB. Norges Bank purchased a new stake in Tenable in the 4th quarter worth about $54,950,000. Shapiro Capital Management LLC increased its holdings in Tenable by 647.5% during the fourth quarter. Shapiro Capital Management LLC now owns 1,060,055 shares of the company's stock valued at $41,745,000 after buying an additional 918,235 shares during the period. Vanguard Group Inc. lifted its stake 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 purchasing an additional 708,249 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Tenable by 47.6% during the first quarter. Penserra Capital Management LLC now owns 1,687,589 shares of the company's stock valued at $59,031,000 after buying an additional 544,375 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Tenable by 904.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock valued at $16,427,000 after acquiring an additional 375,581 shares in the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Activity

In other Tenable news, CEO Stephen A. Vintz sold 6,499 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $207,838.02. Following the transaction, the chief executive officer directly owned 331,394 shares of the company's stock, valued at approximately $10,597,980.12. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Barron Anschutz sold 1,245 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total value of $39,815.10. Following the completion of the transaction, the insider directly owned 57,905 shares in the company, valued at approximately $1,851,801.90. The trade was a 2.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,845 shares of company stock worth $637,709. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TENB. JPMorgan Chase & Co. reduced 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 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. Stifel Nicolaus dropped their price target on Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Truist Financial decreased their target price on shares of Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Scotiabank decreased their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Eight equities research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.78.

Tenable Trading Up 1.7%

NASDAQ:TENB opened at $33.12 on Tuesday. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18. The firm has a market cap of $4.05 billion, a PE ratio of -89.51 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average price of $32.77 and a 200 day moving average price of $35.71.

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

Tenable Company 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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