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

Two Sigma Investments LP raised its position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,425 shares of the company's stock after buying an additional 51,231 shares during the quarter. Two Sigma Investments LP owned 0.31% of Tenable worth $14,548,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TENB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 valued at $25,000 after acquiring an additional 575 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Tenable in the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Tenable during the 4th quarter worth approximately $38,000. Johnson Financial Group Inc. acquired a new position in shares of Tenable during the 4th quarter worth approximately $53,000. Finally, Larson Financial Group LLC increased its holdings in shares of Tenable by 89.9% during the fourth quarter. Larson Financial Group LLC now owns 1,426 shares of the company's stock worth $56,000 after purchasing an additional 675 shares during the period. Institutional investors own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TENB shares. Scotiabank reduced their price target on Tenable from $45.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Truist Financial cut their target price on Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Cantor Fitzgerald assumed coverage on Tenable in a research report on Monday, March 31st. They issued an "overweight" rating and a $50.00 price target on the stock. Stephens downgraded Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley reduced their price objective on shares of Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Eight 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.44.

Insider Activity at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares of the company's stock, valued at approximately $12,078,517.68. This represents a 2.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 2,500 shares of Tenable stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $37.00, for a total transaction of $92,500.00. Following the completion of the sale, the director now owns 353 shares of the company's stock, valued at $13,061. This represents a 87.63% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Tenable Price Performance

TENB traded up $0.62 on Tuesday, reaching $32.52. The stock had a trading volume of 539,992 shares, compared to its average volume of 1,051,930. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -108.40 and a beta of 0.83. Tenable Holdings, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $49.18. The firm has a 50-day moving average of $32.94 and a 200-day moving average of $37.81.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The company had revenue of $239.14 million during the quarter, compared to the consensus estimate of $234.12 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate 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.