Picton Mahoney Asset Management Invests $1.08 Million in Tenable Holdings, Inc. (NASDAQ:TENB)

Picton Mahoney Asset Management acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,883 shares of the company's stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds also recently modified their holdings of TENB. Norges Bank acquired a new position in shares of Tenable during the fourth quarter worth about $54,950,000. Shapiro Capital Management LLC boosted its position 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 purchasing an additional 918,235 shares during the last quarter. Penserra Capital Management LLC boosted its position in 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 purchasing an additional 544,375 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in Tenable by 904.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 417,128 shares of the company's stock valued at $16,427,000 after purchasing an additional 375,581 shares during the last quarter. Finally, FMR LLC boosted its position in Tenable by 2.0% during the fourth 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 during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tenable

In related news, CEO Stephen A. Vintz sold 3,386 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $109,875.70. Following the completion of the transaction, the chief executive officer directly owned 328,008 shares of the company's stock, valued at $10,643,859.60. This trade represents a 1.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barron Anschutz sold 970 shares of the firm's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.08, for a total value of $32,087.60. Following the transaction, the insider directly owned 58,311 shares of the company's stock, valued at approximately $1,928,927.88. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,815 shares of company stock valued at $669,797 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Tenable Price Performance

Shares of NASDAQ TENB traded down $0.74 during mid-day trading on Friday, hitting $30.57. 1,722,086 shares of the stock traded hands, compared to its average volume of 1,469,725. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. Tenable Holdings, Inc. has a twelve month low of $28.75 and a twelve month high of $45.44. The company has a market cap of $3.73 billion, a PE ratio of -82.62 and a beta of 0.76. The firm has a 50 day simple moving average of $32.91 and a two-hundred day simple moving average of $35.10.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Tenable had a negative return on equity of 3.22% and a negative net margin of 4.74%. The company had revenue of $247.30 million for the quarter, compared to the consensus estimate of $242.15 million. During the same quarter last year, the business posted $0.31 EPS. Tenable's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on TENB. JPMorgan Chase & Co. reduced their price target on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. DA Davidson upped their price objective on Tenable from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday. UBS Group upped their price objective on Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday. Stephens lowered Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Westpark Capital reiterated a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.11.

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.