Two Sigma Investments LP Increases Stake in Tenable Holdings, Inc. (NASDAQ:TENB)

Two Sigma Investments LP lifted its position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,425 shares of the company's stock after purchasing an additional 51,231 shares during the period. Two Sigma Investments LP owned 0.31% of Tenable worth $14,548,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Tidal Investments LLC raised its stake in Tenable by 1.8% in the fourth quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock worth $1,263,000 after buying an additional 564 shares in the last quarter. State of Wyoming bought a new position in shares of Tenable during the fourth quarter valued at approximately $288,000. Shapiro Capital Management LLC increased its stake in shares of 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 in the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Tenable by 102.9% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 12,021 shares of the company's stock valued at $473,000 after purchasing an additional 6,097 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Tenable during the fourth quarter valued at approximately $343,000. 89.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TENB shares. Jefferies Financial Group decreased their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Scotiabank decreased their target price on shares of Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. DA Davidson reduced their price target on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Westpark Capital reissued a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tenable currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.44.

Insider Activity

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the transaction, the chief executive officer now directly owns 316,523 shares in the company, valued at $12,078,517.68. This represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barron Anschutz sold 1,245 shares of the company's 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 transaction, the insider now owns 57,905 shares in the company, valued at $1,851,801.90. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,502 shares of company stock worth $773,453. 1.50% of the stock is currently owned by corporate insiders.

Tenable Stock Performance

Shares of TENB stock traded down $0.25 during mid-day trading on Wednesday, reaching $32.33. 147,038 shares of the company's stock traded hands, compared to its average volume of 1,239,553. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $49.18. The firm has a 50 day moving average price of $32.87 and a two-hundred day moving average price of $37.77. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $3.95 billion, a PE ratio of -107.75 and a beta of 0.83.

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. The company had revenue of $239.14 million during the quarter, compared to the consensus estimate of $234.12 million. Tenable had a negative net margin of 4.03% and a negative return on equity of 2.07%. Tenable's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, research analysts forecast that Tenable Holdings, Inc. will post 0.12 EPS for the current 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.