Penserra Capital Management LLC Has $59.03 Million Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Penserra Capital Management LLC grew its holdings in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 47.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,687,589 shares of the company's stock after acquiring an additional 544,375 shares during the period. Tenable comprises approximately 1.0% of Penserra Capital Management LLC's holdings, making the stock its 20th biggest holding. Penserra Capital Management LLC owned about 1.40% of Tenable worth $59,031,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Tenable by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 772,177 shares of the company's stock valued at $27,011,000 after buying an additional 27,555 shares during the period. Teacher Retirement System of Texas increased its position in shares of Tenable by 551.7% during the first quarter. Teacher Retirement System of Texas now owns 155,976 shares of the company's stock worth $5,456,000 after acquiring an additional 132,043 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Tenable by 3.4% during the first quarter. Summit Trail Advisors LLC now owns 50,663 shares of the company's stock worth $1,772,000 after acquiring an additional 1,686 shares during the last quarter. KBC Group NV increased its position in shares of Tenable by 19.4% during the first quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after acquiring an additional 919 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tenable by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after acquiring an additional 1,682 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company's stock.

Insider Activity at Tenable

In related news, CEO Mark C. Thurmond sold 5,577 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total value of $178,352.46. Following the completion of the transaction, the chief executive officer owned 75,210 shares in the company, valued at $2,405,215.80. This trade represents a 6.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen A. Vintz sold 6,499 shares of the firm'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 $207,838.02. Following the completion of the transaction, the chief executive officer owned 331,394 shares of the company's stock, valued at approximately $10,597,980.12. The trade was a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,845 shares of company stock worth $637,709 in the last quarter. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TENB has been the topic of several analyst reports. Robert W. Baird dropped their price objective on Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. DA Davidson dropped their target price 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. Jefferies Financial Group dropped their target price on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. lowered their price objective on Tenable from $53.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Barclays lowered their price target on Tenable from $40.00 to $33.00 and set an "equal weight" rating for the company in a 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.44.

Tenable Price Performance

Shares of Tenable stock traded up $0.41 on Friday, hitting $34.05. The company had a trading volume of 935,626 shares, compared to its average volume of 1,143,989. The business has a 50-day simple moving average of $32.52 and a 200-day simple moving average of $35.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $4.16 billion, a PE ratio of -92.01 and a beta of 0.80. Tenable Holdings, Inc. has a 52 week low of $28.75 and a 52 week high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The company had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative net margin of 4.86% and a negative return on equity of 3.11%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Research analysts expect 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.