Teacher Retirement System of Texas Buys 132,043 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Teacher Retirement System of Texas increased its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 551.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,976 shares of the company's stock after purchasing an additional 132,043 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of Tenable worth $5,456,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Tenable by 858.2% in the 4th 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Tenable during the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in shares of Tenable during the fourth quarter valued at about $38,000. Johnson Financial Group Inc. bought a new position in shares of Tenable during the fourth quarter valued at about $53,000. Finally, Byrne Asset Management LLC increased its position in shares of Tenable by 115.4% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after buying an additional 727 shares during the period. Institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TENB. DA Davidson dropped their target price 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. UBS Group dropped their price target on shares of Tenable from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Needham & Company LLC reduced their price target 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. Stifel Nicolaus reduced their price objective on shares of Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, Robert W. Baird dropped their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.44.

Insider Buying and Selling at Tenable

In related news, insider Barron Anschutz sold 1,245 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $39,815.10. Following the transaction, the insider owned 57,905 shares in the company, valued at $1,851,801.90. This represents a 2.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark C. Thurmond sold 2,483 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value of $80,573.35. Following the sale, the chief executive officer directly owned 72,727 shares of the company's stock, valued at approximately $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 have sold 19,845 shares of company stock valued at $637,709 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Tenable Price Performance

Shares of TENB traded up $0.48 during mid-day trading on Tuesday, hitting $34.73. The company's stock had a trading volume of 2,520,191 shares, compared to its average volume of 1,151,843. The firm has a 50-day moving average price of $32.54 and a 200 day moving average price of $35.90. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of -93.86 and a beta of 0.80. 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 fifty-two week low of $28.75 and a fifty-two week high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last released 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. The business had revenue of $239.14 million for the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.