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

SG Americas Securities LLC bought a new stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,439 shares of the company's stock, valued at approximately $1,170,000.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Tenable by 858.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after acquiring an additional 575 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $38,000. Johnson Financial Group Inc. acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $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 last quarter. Institutional investors and hedge funds own 89.06% of the company's stock.

Insiders Place Their Bets

In other Tenable news, insider Barron Anschutz sold 1,245 shares of Tenable stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $39,815.10. Following the completion of the sale, the insider now directly owns 57,905 shares of the company's stock, valued at $1,851,801.90. The trade was a 2.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark C. Thurmond sold 2,483 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 $80,573.35. Following the completion of the sale, the chief executive officer now directly owns 72,727 shares of the company's stock, valued at $2,359,991.15. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,845 shares of company stock valued at $637,709 in the last ninety days. Insiders own 1.50% of the company's stock.

Tenable Trading Down 0.2%

Shares of NASDAQ TENB traded down $0.08 during trading on Wednesday, reaching $32.75. The stock had a trading volume of 2,502,954 shares, compared to its average volume of 1,444,856. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. 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 business's 50-day moving average price is $32.21 and its 200-day moving average price is $36.76.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $234.12 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. As a group, analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley cut their price target on Tenable from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Wells Fargo & Company cut their price target on Tenable from $50.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial cut their price target on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a report on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable currently has an average rating of "Moderate Buy" and a consensus price target of $40.44.

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.