SG Americas Securities LLC Makes New $1.17 Million Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

SG Americas Securities LLC acquired a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,439 shares of the company's stock, valued at approximately $1,170,000.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after buying an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Tenable in the 4th quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in Tenable during the 4th quarter worth about $38,000. Johnson Financial Group Inc. purchased a new stake in Tenable during the 4th quarter valued at about $53,000. Finally, Larson Financial Group LLC increased 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 purchasing an additional 675 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays dropped their target price on Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. UBS Group cut their price objective on shares of Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC reduced their target price on shares of Tenable from $50.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. DA Davidson lowered their price target on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company cut their price target on Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.44.

Tenable Price Performance

Shares of NASDAQ TENB traded down $0.43 during midday trading on Friday, hitting $32.32. The stock had a trading volume of 1,798,393 shares, compared to its average volume of 1,320,671. The stock has a 50 day simple moving average of $32.21 and a 200-day simple moving average of $36.70. 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 company has a market capitalization of $3.95 billion, a PE ratio of -87.39 and a beta of 0.79. 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 earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, topping 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 previous year, the firm posted $0.25 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.