Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Tenable Holdings, Inc., purchasing 30,641 shares valued at approximately $1.07 million.
• Several institutional investors, including Mitsubishi UFJ Asset Management and JPMorgan Chase & Co., have significantly increased their holdings in Tenable during the 4th quarter, which indicates strong interest from major funds.
• The stock price of Tenable is currently around $30.57, and analysts have set an average price target of $41.06, suggesting potential growth based on recent performance and ratings.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,641 shares of the company's stock, valued at approximately $1,072,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in 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 fourth quarter valued at $35,000. Byrne Asset Management LLC grew its position in Tenable by 115.4% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $47,000 after acquiring an additional 727 shares during the period. Johnson Financial Group Inc. bought a new stake in Tenable in the fourth quarter valued at $53,000. Finally, Quarry LP grew its position in Tenable by 307.1% in the fourth quarter. Quarry LP now owns 2,650 shares of the company's stock valued at $104,000 after acquiring an additional 1,999 shares during the period. 89.06% of the stock is owned by institutional investors.

Tenable Stock Down 4.2%

Shares of TENB traded down $1.29 during trading hours on Tuesday, reaching $29.75. The stock had a trading volume of 1,925,323 shares, compared to its average volume of 1,402,374. Tenable Holdings, Inc. has a 12 month low of $28.75 and a 12 month high of $45.44. The firm has a 50-day simple moving average of $32.89 and a 200 day simple moving average of $34.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of -80.40 and a beta of 0.76.

Tenable (NASDAQ:TENB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Tenable had a negative return on equity of 3.22% and a negative net margin of 4.74%. The business had revenue of $247.30 million for the quarter, compared to analyst estimates of $242.15 million. During the same period last year, the company posted $0.31 earnings per share. Tenable's quarterly revenue was up 11.8% 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 have issued reports on TENB shares. Stifel Nicolaus lifted their price objective on Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. UBS Group upped their target price on shares of Tenable from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Barclays lifted their price target on shares of Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Robert W. Baird cut their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $45.00 price objective (up previously from $40.00) on shares of Tenable in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.06.

Insider Buying and Selling at Tenable

In related news, CEO Stephen A. Vintz sold 3,386 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $109,875.70. Following the transaction, the chief executive officer owned 328,008 shares of the company's stock, valued at approximately $10,643,859.60. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark C. Thurmond sold 2,483 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.45, for a total transaction of $80,573.35. Following the transaction, the chief executive officer directly owned 72,727 shares in the company, valued at approximately $2,359,991.15. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,815 shares of company stock valued at $669,797 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Tenable Company 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.