Tenable Holdings, Inc. (NASDAQ:TENB) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 403,700 shares of the company's stock after buying an additional 24,100 shares during the quarter. Two Sigma Advisers LP owned 0.34% of Tenable worth $15,898,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its holdings in shares of Tenable by 2.0% during the 4th quarter. FMR LLC now owns 15,515,164 shares of the company's stock valued at $610,987,000 after buying an additional 304,237 shares during the period. Vanguard Group Inc. raised its holdings in shares of Tenable by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 13,947,023 shares of the company's stock valued at $549,234,000 after buying an additional 708,249 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tenable by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,231 shares of the company's stock valued at $110,416,000 after buying an additional 8,746 shares during the period. First Trust Advisors LP raised its holdings in shares of Tenable by 6.2% during the 4th quarter. First Trust Advisors LP now owns 2,332,650 shares of the company's stock valued at $91,860,000 after buying an additional 137,150 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Tenable by 5.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,641,158 shares of the company's stock valued at $64,629,000 after buying an additional 84,669 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

Tenable Stock Performance

NASDAQ:TENB traded up $0.47 during midday trading on Tuesday, reaching $32.37. 241,504 shares of the company traded hands, compared to its average volume of 1,050,785. Tenable Holdings, Inc. has a twelve month low of $28.75 and a twelve month high of $49.18. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -107.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day moving average price of $32.94 and a 200 day moving average price 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 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 business had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts expect that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity at Tenable

In other Tenable news, CEO Stephen A. Vintz sold 6,681 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.16, for a total transaction of $254,946.96. Following the completion of the transaction, the chief executive officer now owns 316,523 shares in the company, valued at approximately $12,078,517.68. The trade was a 2.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,500 shares of the business's 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 transaction, the director now owns 353 shares of the company's stock, valued at $13,061. This trade represents a 87.63% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TENB. Barclays dropped their price objective on Tenable from $40.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC dropped their price objective on Tenable from $50.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Cantor Fitzgerald began coverage on Tenable in a report on Monday, March 31st. They set an "overweight" rating and a $50.00 price objective on the stock. Truist Financial dropped their price objective on Tenable from $48.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Morgan Stanley dropped their price objective on Tenable from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Eight equities 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.