Voloridge Investment Management LLC Makes New Investment in Tenable Holdings, Inc. (NASDAQ:TENB)

Voloridge Investment Management LLC purchased a new position in Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,436 shares of the company's stock, valued at approximately $923,000.

A number of other hedge funds have also modified their holdings of TENB. Barclays PLC lifted its stake in Tenable by 31.9% during the third quarter. Barclays PLC now owns 731,626 shares of the company's stock worth $29,646,000 after purchasing an additional 177,048 shares during the period. Nisa Investment Advisors LLC lifted its stake in Tenable by 74.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the company's stock worth $108,000 after purchasing an additional 1,172 shares during the period. KBC Group NV lifted its stake in Tenable by 44.1% during the fourth quarter. KBC Group NV now owns 4,733 shares of the company's stock worth $186,000 after purchasing an additional 1,449 shares during the period. Pacer Advisors Inc. lifted its stake in Tenable by 30.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,823 shares of the company's stock worth $111,000 after purchasing an additional 657 shares during the period. Finally, R Squared Ltd bought a new position in Tenable during the fourth quarter worth about $126,000. 89.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Tenable from $48.00 to $45.00 and set a "buy" rating for the company in a report on Monday, March 31st. Westpark Capital reaffirmed a "hold" rating on shares of Tenable in a report on Wednesday, April 30th. Jefferies Financial Group dropped their price objective on shares of Tenable from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, March 31st. Robert W. Baird dropped their price objective on shares of Tenable from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, DA Davidson lowered their price target on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tenable presently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Mark C. Thurmond sold 5,577 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $178,352.46. Following the completion of the transaction, the chief executive officer now directly owns 75,210 shares in the company, valued at $2,405,215.80. The trade was a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen A. Vintz sold 6,499 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.98, for a total transaction of $207,838.02. Following the transaction, the chief executive officer now owns 331,394 shares of the company's stock, valued at approximately $10,597,980.12. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,345 shares of company stock worth $730,209 over the last three months. Corporate insiders own 1.50% of the company's stock.

Tenable Stock Up 1.7%

Shares of NASDAQ:TENB traded up $0.54 during midday trading on Tuesday, reaching $32.74. The company had a trading volume of 1,519,646 shares, compared to its average volume of 1,069,141. The business's 50 day moving average price is $32.46 and its 200 day moving average price is $37.45. The stock has a market cap of $4.00 billion, a PE ratio of -109.13 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. Tenable Holdings, Inc. has a 1-year low of $28.75 and a 1-year high of $49.18.

Tenable (NASDAQ:TENB - Get Free Report) last issued 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. The company had revenue of $239.14 million during the quarter, compared to analysts' expectations of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. Research analysts forecast 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.