Virtu Financial LLC Buys New Shares in Tenable Holdings, Inc. (NASDAQ:TENB)

Key Points

• Virtu Financial LLC purchased 22,367 shares of Tenable Holdings, Inc. for approximately $782,000 in the 1st quarter, according to their recent SEC filing.
• The average price target for Tenable is now $41.06, with eight analysts rating it as "hold" and ten as "buy."
• CEO Mark C. Thurmond sold 2,483 shares of the stock, resulting in a 3.30% decrease in his ownership of the company.

Virtu Financial LLC acquired a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,367 shares of the company's stock, valued at approximately $782,000.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Tenable by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,764 shares of the company's stock worth $376,000 after purchasing an additional 1,682 shares during the period. KBC Group NV boosted its position in Tenable by 19.4% during the 1st quarter. KBC Group NV now owns 5,652 shares of the company's stock worth $198,000 after purchasing an additional 919 shares during the period. Wells Fargo & Company MN boosted its position in Tenable by 41.9% during the 4th quarter. Wells Fargo & Company MN now owns 67,831 shares of the company's stock worth $2,671,000 after purchasing an additional 20,031 shares during the period. Invesco Ltd. boosted its position in Tenable by 15.6% during the 4th quarter. Invesco Ltd. now owns 101,337 shares of the company's stock worth $3,991,000 after purchasing an additional 13,655 shares during the period. Finally, One68 Global Capital LLC purchased a new stake in Tenable during the 4th quarter worth $591,000. Institutional investors and hedge funds own 89.06% of the company's stock.

Analyst Upgrades and Downgrades

TENB has been the subject of a number of research reports. Morgan Stanley upped their price target on shares of Tenable from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of Tenable from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Westpark Capital restated a "hold" rating on shares of Tenable in a research note on Wednesday, April 30th. Stephens downgraded shares of Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Barclays upped their target price on shares of Tenable from $33.00 to $39.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $41.06.

Insiders Place Their Bets

In other Tenable news, 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 sale, the chief executive officer directly owned 72,727 shares of the company's stock, valued at approximately $2,359,991.15. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Barron Anschutz sold 970 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.08, for a total transaction of $32,087.60. Following the sale, the insider directly owned 58,311 shares in the company, valued at $1,928,927.88. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,815 shares of company stock valued at $669,797. Company insiders own 1.50% of the company's stock.

Tenable Trading Up 3.6%

TENB opened at $29.62 on Wednesday. The stock has a market capitalization of $3.59 billion, a PE ratio of -80.05 and a beta of 0.76. The firm's fifty day moving average price is $32.54 and its 200 day moving average price is $34.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.94 and a quick ratio of 1.04. Tenable Holdings, Inc. has a 12-month low of $28.51 and a 12-month high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $247.30 million for the quarter, compared to analysts' expectations of $242.15 million. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.32%. The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. As a group, 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.

Want to see what other hedge funds are holding TENB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenable Holdings, Inc. (NASDAQ:TENB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.