Twinbeech Capital LP Acquires New Holdings in Tenable Holdings, Inc. (NASDAQ:TENB)

Twinbeech Capital LP acquired a new stake in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 64,857 shares of the company's stock, valued at approximately $2,554,000. Twinbeech Capital LP owned 0.05% of Tenable as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Two Sigma Advisers LP grew its position in shares of Tenable by 6.3% in the 4th quarter. Two Sigma Advisers LP now owns 403,700 shares of the company's stock valued at $15,898,000 after purchasing an additional 24,100 shares during the period. Two Sigma Investments LP grew its position in shares of Tenable by 16.1% in the 4th quarter. Two Sigma Investments LP now owns 369,425 shares of the company's stock valued at $14,548,000 after purchasing an additional 51,231 shares during the period. Tidal Investments LLC grew its position in shares of Tenable by 1.8% in the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after purchasing an additional 564 shares during the period. State of Wyoming acquired a new position in shares of Tenable in the 4th quarter valued at approximately $288,000. Finally, Shapiro Capital Management LLC grew its position in shares of Tenable by 647.5% in the 4th 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 during the period. 89.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tenable

In related news, Director Linda Kay Zecher sold 2,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $37.00, for a total value of $92,500.00. Following the sale, the director now owns 353 shares in the company, valued at approximately $13,061. This represents a 87.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen A. Vintz sold 6,681 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $38.16, for a total value of $254,946.96. Following the completion of the sale, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. This trade represents a 2.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,787 shares of company stock worth $486,206. Company insiders own 1.50% of the company's stock.

Tenable Trading Up 0.1%

Shares of Tenable stock opened at $32.69 on Wednesday. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18. The stock has a market cap of $3.99 billion, a P/E ratio of -108.97 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. The business's 50 day moving average is $33.32 and its 200-day moving average is $38.08.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $234.12 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business's revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that Tenable Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on Tenable from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC decreased their price objective on Tenable from $50.00 to $35.00 and set a "buy" rating for the company 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 on the stock in a research note on Monday, March 31st. Barclays cut their target price on Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, UBS Group cut their target price on Tenable from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.44.

About Tenable

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.

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