23,436 Shares in Tenable Holdings, Inc. (NASDAQ:TENB) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new position in shares of Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 23,436 shares of the company's stock, valued at approximately $923,000.

Several other hedge funds also recently added to or reduced their stakes in TENB. Arizona State Retirement System grew its stake in shares of Tenable by 1.0% during the fourth quarter. Arizona State Retirement System now owns 34,560 shares of the company's stock worth $1,361,000 after acquiring an additional 332 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Tenable by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,336 shares of the company's stock worth $486,000 after purchasing an additional 390 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Tenable by 3.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,650 shares of the company's stock worth $616,000 after purchasing an additional 450 shares during the last quarter. Tidal Investments LLC increased its stake in Tenable by 1.8% during the 4th quarter. Tidal Investments LLC now owns 32,082 shares of the company's stock valued at $1,263,000 after purchasing an additional 564 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Tenable by 858.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 642 shares of the company's stock worth $25,000 after buying an additional 575 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Barron Anschutz sold 1,245 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $31.98, for a total transaction of $39,815.10. Following the completion of the sale, the insider now directly owns 57,905 shares in the company, valued at approximately $1,851,801.90. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $80,573.35. Following the completion of the transaction, the chief executive officer now directly owns 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 disclosure for this sale can be found here. Insiders sold a total of 22,345 shares of company stock worth $730,209 in the last 90 days. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TENB. DA Davidson dropped their price objective on shares of Tenable from $45.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Scotiabank lowered their price target on Tenable from $45.00 to $30.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on Tenable from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Stephens cut Tenable from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their target price on Tenable from $53.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.44.

Tenable Stock Performance

TENB traded up $0.04 on Friday, reaching $32.19. The stock had a trading volume of 1,437,413 shares, compared to its average volume of 1,064,712. The business's 50-day moving average price is $32.61 and its two-hundred day moving average price is $37.57. The company has a market cap of $3.93 billion, a P/E ratio of -107.30 and a beta of 0.83. Tenable Holdings, Inc. has a 12-month low of $28.75 and a 12-month high of $49.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The firm had revenue of $239.14 million during the quarter, compared to analyst estimates of $234.12 million. Tenable had a negative return on equity of 2.07% and a negative net margin of 4.03%. Tenable's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. Sell-side analysts forecast that Tenable Holdings, Inc. will post 0.12 earnings per share for the current 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.