Universal Beteiligungs und Servicegesellschaft mbH Invests $1.07 Million 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 acquired a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,641 shares of the company's stock, valued at approximately $1,072,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Tenable by 858.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock valued at $25,000 after buying an additional 575 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Tenable during the 4th quarter worth $35,000. Byrne Asset Management LLC lifted its position in shares of Tenable by 115.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $47,000 after buying an additional 727 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Tenable during the 4th quarter worth $53,000. Finally, Quarry LP lifted its position in shares of Tenable by 307.1% during the 4th quarter. Quarry LP now owns 2,650 shares of the company's stock worth $104,000 after buying an additional 1,999 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

Insider Buying and Selling at Tenable

In other news, insider Barron Anschutz sold 970 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.08, for a total value of $32,087.60. Following the completion of the sale, the insider directly owned 58,311 shares of the company's stock, valued at $1,928,927.88. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark C. Thurmond sold 2,483 shares of Tenable stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total value of $80,573.35. Following the sale, the chief executive officer owned 72,727 shares of the company's stock, valued at approximately $2,359,991.15. This trade represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,815 shares of company stock valued at $669,797. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen upgraded Tenable from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Wedbush increased their target price on Tenable from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Jefferies Financial Group restated a "hold" rating and set a $38.00 price objective (up from $37.00) on shares of Tenable in a research report on Thursday, July 31st. DA Davidson raised their price objective on Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Barclays raised their price objective on Tenable from $33.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

Tenable Trading Up 0.5%

NASDAQ TENB traded up $0.15 on Wednesday, hitting $29.90. The company's stock had a trading volume of 743,221 shares, compared to its average volume of 1,397,716. Tenable Holdings, Inc. has a 52-week low of $28.75 and a 52-week high of $45.44. 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's 50-day simple moving average is $32.83 and its 200 day simple moving average is $34.90. The firm has a market cap of $3.65 billion, a P/E ratio of -80.85 and a beta of 0.76.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $247.30 million during the quarter, compared to analysts' expectations of $242.15 million. Tenable had a negative return on equity of 3.22% and a negative net margin of 4.74%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Research analysts predict that Tenable Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.